5545 Atlantic Ave | Long Beach, CA 90805
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- LoopNet Team
5545 Atlantic Ave
Long Beach, CA 90805
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Offered Well-Above Comparable Sales at a 5.06% Current Cap Rate
- Property Features Two Two-Car Garages, a Rooftop Deck, and an Upgraded Backyard/Patio
- Fully Occupied With Solid In-Place Rents and Seven Percent Potential Upside
- Renovated Mixed-Use Asset Consisting of Two Streetfront Retail Units, Two One-Bedroom Apartments, and a Studio
- Recent $80,000 Renovation Included New Plumbing, Electrical, Security Cameras and Lighting, Upgraded Kitchens With New Appliances, New Flooring & More
PROPERTY FACTS
| No. Units | 3 | Building Size | 3,236 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1946 |
| Building Class | C | Parking Ratio | 1.24/1,000 SF |
| Lot Size | 0.10 AC | ||
| Zoning | LBCCA - Mix use, multifamily/office/retail | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,236 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1946 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | LBCCA - Mix use, multifamily/office/retail |
AMENITIES
SITE AMENITIES
- Controlled Access
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,175 | - |
| 1+1 | 2 | $1,375 | - |
PROPERTY TAXES
| Parcel Number | 7127-008-020 | Improvements Assessment | $270,608 |
| Land Assessment | $716,315 | Total Assessment | $986,923 |
PROPERTY TAXES
Parcel Number
7127-008-020
Land Assessment
$716,315
Improvements Assessment
$270,608
Total Assessment
$986,923
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