907-917 Grand Avenue

907 Grand Avenue, Long Beach, CA 90804

Sale Price


Investment Overview



Year Built


Price Per Unit


Current Cap Rate


Market Cap Rate


Current GRM


Market GRM


The Offering

907-927 Grand Avenue is a 13-unit investment asset located in the popular Eastside Long Beach rental market. Situated on two parcels, the property offers a favorable mix of seven 2BD / 1BA and six 1BD / 1BA units.

Extensive renovations totaling over $340,000 feature:

  • New vinyl plank flooring & custom bathroom tile
  • Modern designer cabinets & countertops
  • New appliances
  • New energy-efficient LED lighting
  • New upgraded electrial subpanels in-unit

Located in prime Eastside Long Beach, which has a Walk Score of 91, the property provides tenants with convenient, walkable access to all amenities for day-to-day living.

The seller’s renovations and managment provide a new buyer with a solid investment at 4.10% cap rate and 15.54 GRM on actuals with 14% rental upside potential.

Investment Highlights

  • 4.10% Cap Rate on Actuals with 14% Rental Upside
  • Extensive Interior Renovations Exceeding $340K
  • Significant Electrical and Plumbing System Upgrades
  • Strong Unit Mix of (7) 2BD / 1BA and (6) 1BD / 1BA
  • Desirable Eastside Long Beach Location