Grand Terrace Apartment Homes | 3787 E 11th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Grand Terrace Apartment Homes 3787 E 11th St
156 Unit Apartment Building For Sale Long Beach, CA 90804
Investment Highlights
- Over 38 year Partnership owner of this A class multifamily property - Gross income for 2022 is $3.8 million
- The Trust is selling their 5.8969% LP Interest in the 1994 11th Street Partners LP which owns the Grand Terrace Apartments
- call for offers
- Excellent historical property and partnership management, nearly 99+ percent occupancy and growing NOI
- Annual distributions
Executive Summary
Braun International's Minority Interest Market Xchange is selling on behalf of the Trust a 5.8968% Limited Partnership Interest in The 1994 11th Street Partners LP which owns "Grand Terrace Apartments" 3787 East 11th Street Long Beach Ca. Please go to BraunMIMX.com for sale information. Buyer's must execute a NDA prior to receiving access to the property and partnership financial information. This sale is NOT of the Fee Simple Interest in the 3787 E 11th St Long Beach. The property is not for sale.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$65,000
|
$0.55
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $65,000 |
| Annual Per SF | $0.55 |
Property Facts
| Sale Type | Investment | Lot Size | 2.81 AC |
| Sale Conditions | Distress Sale | Building Size | 119,233 SF |
| No. Units | 156 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1985 |
| Apartment Style | Mid Rise | Parking Ratio | 1.3/1,000 SF |
| Building Class | B |
| Sale Type | Investment |
| Sale Conditions | Distress Sale |
| No. Units | 156 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 2.81 AC |
| Building Size | 119,233 SF |
| Average Occupancy | 94% |
| No. Stories | 4 |
| Year Built | 1985 |
| Parking Ratio | 1.3/1,000 SF |
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Range
- Views
- Dining Room
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Spa
- Gated
- Car Wash Area
- Laundry Service
- Media Center/Movie Theatre
- Recycling
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 42 | - | 455 |
| 1+1 | 28 | - | 660 - 665 |
| 2+2 | 86 | - | 945 - 952 |
1 of 1
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 7254-002-021 | Improvements Assessment | $14,520,001 (2024) |
| Land Assessment | $3,260,564 (2024) | Total Assessment | $17,780,565 (2024) |
PROPERTY TAXES
Parcel Number
7254-002-021
Land Assessment
$3,260,564 (2024)
Improvements Assessment
$14,520,001 (2024)
Total Assessment
$17,780,565 (2024)
zoning
| Zoning Code | LBR4N |
| LBR4N |
-
Todd Wohl -
Braun International
(866) 568-6638
x100
1 of 18
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Grand Terrace Apartment Homes | 3787 E 11th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.