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2161 Locust Ave

5 Unit Apartment Building $1,325,000 ($265,000/Unit) 6.16% Cap Rate Long Beach, CA 90806

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Investment Highlights

Fully Occupied 5 Unit Building
Alley Access

5 Single Garages, Plus Long Driveway

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$109,236	$37.35
Other Income	$1,200	$0.41
Vacancy Loss	-	-
Effective Gross Income	$110,436	$37.76
Taxes	-	-
Operating Expenses	$25,980	$8.88
Total Expenses	$25,980	$8.88
Net Operating Income	-	-

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$109,236
Annual Per SF	$37.35

Other Income
Annual	$1,200
Annual Per SF	$0.41

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$110,436
Annual Per SF	$37.76

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	$25,980
Annual Per SF	$8.88

Total Expenses
Annual	$25,980
Annual Per SF	$8.88

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$1,325,000	Building Class	C
Price Per Unit	$265,000	Lot Size	0.14 AC
Sale Type	Investment	Building Size	2,925 SF
Cap Rate	6.16%	Average Occupancy	100%
No. Units	5	No. Stories	2
Property Type	Multifamily	Year Built	1920
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	1.71/1,000 SF
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,325,000
Price Per Unit	$265,000
Sale Type	Investment
Cap Rate	6.16%
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Garden
Building Class	C
Lot Size	0.14 AC
Building Size	2,925 SF
Average Occupancy	100%
No. Stories	2
Year Built	1920
Parking Ratio	1.71/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.