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811-817/911-919 Rose Ave, Long Beach

  • 2 properties spread over 4 parcels on the same block
  • Over 23,000 total rentable square feet and just over half an acre of land
  • All buildings are 1960’s construction and 30 out of the 32 units are 2-bed/1-bath, 2 units are 3 Bed/2 Bath
  • Over 90% of units have been recently upgraded
  • Strong actual income at 12.9X gross plus a 9.7% total upside on rents
  • Properties may be sold separately, but preferably together
current

Download Offering Memorandum

UNITS: 32

GROSS RENT MULTIPLIER: 12.9

CAP RATE: 4.9%

AGENT: anthonywalker

PRICE

$9,000,000

ANNUAL INCOME

$670,380

ANNUAL NOI

$440,481

ANNUAL EXPENSE

$223,860

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
232$2,150$4,300$2,300$4,600
3021$1,791$53,715$1,896$56,880
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
3253$58,015$61,480