208 Park Avenue | 208 Park Ave
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208 Park Avenue 208 Park Ave
4 Unit Apartment Building $1,675,000 ($418,750/Unit) 3.72% Cap Rate Long Beach, CA 90803
INVESTMENT HIGHLIGHTS
- Steps to Belmont Shore's 2nd Street
- Two Vacant Units
- Walking distance to the Beach
EXECUTIVE SUMMARY
Welcome to Belmont Shore living! This well maintained fourplex sits on a 2,954 SF lot. The property is comprised of (4) spacious one bedroom one bath units with an ideal floorplan and tons of storage. The exterior has recently been painted along with some interior upgrades. Downstairs you'll find bonus space for community storage or laundry. This property is steps from Belmont Shore's lively 2nd street, the park, and the beach. The location doesn't get much better than this. Whether you’re an investor looking to expand your portfolio or someone seeking a live-in investment opportunity, this fourplex in Belmont Shore represents a rare chance to own a piece of one of Southern California’s most desirable neighborhoods. These properties rarely change hands, act now!
PROPERTY FACTS Under Contract
| Price | $1,675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $418,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 3.72% | Building Size | 3,046 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 50% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment |
| Price | $1,675,000 |
| Price Per Unit | $418,750 |
| Sale Type | Investment |
| Cap Rate | 3.72% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,046 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1947 |
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,995 | - |
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Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 7249-034-006 | Improvements Assessment | $59,103 |
| Land Assessment | $69,192 | Total Assessment | $128,295 |
PROPERTY TAXES
Parcel Number
7249-034-006
Land Assessment
$69,192
Improvements Assessment
$59,103
Total Assessment
$128,295
ZONING
| Zoning Code | LBR2S (Commercial) |
| LBR2S (Commercial) |
CONTACTS
-
Christa Vessell -
George Bustamante -
Steve Warshauer -
Coldwell Banker Commercial BLAIR
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208 Park Avenue | 208 Park Ave
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