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1090 E San Antonio Dr, Long Beach 90807

The San Antonio Apartments is a 20-unit apartment community consisting of 16-one bedroom units and 4-studio units, located in the affluent Bixby Knolls neighborhood of Long Beach. The property offers investors a unique opportunity to acquire a highly sought-after property with over 15% rental upside in a strong non-rent controlled market. Located in prime Bixby Knolls across the street from the beautiful Bixby Knolls Park

sold

UNITS: 20

GROSS RENT MULTIPLIER: 5

CAP RATE:

PRICE

$4,875,000

ANNUAL INCOME

$329,667

ANNUAL NOI

$200,724

ANNUAL EXPENSE

$112,459

Rental Cost Details

# OF UNITS # OF BEDROOMS # OF BATHS ACTUAL RENT TOTAL RENT PRO FORMA TOTAL PRO FORMA
401$1,119$4,476$1,325$5,300
1611$1,337$21,392$1,575$25,200
TOTAL # OF UNITS TOTAL # OF BEDROOMS TOTAL # OF BATHS GRAND TOTAL RENT GRAND TOTAL PRO FORMA
2012 $25,868 $30,500
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