651 E 46th St | Long Beach, CA 90807
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- LoopNet Team
651 E 46th St
Long Beach, CA 90807
Value Add - 34% Upside / 7.8% Market Cap · Multifamily Property For Sale · 12 Units
INVESTMENT HIGHLIGHTS
- Excellent Value Add Opportunity in Bixby Knolls
- 100% Electric Building / Copper Plumbing Throughout
- ADU Opportunity for Additional Upside Potential
- 34% Total Rental Upside Potential / 7.8% Market Cap Rate
- Ample Parking - 10 Garages + 2 Surface Spaces
PROPERTY FACTS
| No. Units | 12 | Building Size | 10,062 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 0.25 AC |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 10,062 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.19/1,000 SF |
UNIT AMENITIES
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | 750 |
| 2+1 | 1 | - | 950 |
| 2+2 | 1 | - | 1,000 |
| 3+2 | 1 | - | 1,200 |
PROPERTY TAXES
| Parcel Number | 7135-005-026 | Improvements Assessment | $509,895 |
| Land Assessment | $339,924 | Total Assessment | $849,819 |
PROPERTY TAXES
Parcel Number
7135-005-026
Land Assessment
$339,924
Improvements Assessment
$509,895
Total Assessment
$849,819
ZONING
| Zoning Code | RR35, Long Beach (Multiple Dwelling) |
| RR35, Long Beach (Multiple Dwelling) |
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