1113 Pacific Ave, Long Beach, CA 90813
1113 Pacific Ave, Long Beach, CA 90813
About This Property
Recently renovated multifamily investment featuring five 3-bedroom, 1-bath units, plus an adjacent duplex, for seven residential units total. The five-unit property includes washer and dryer hookups, eight garages, and 15 secured parking spaces generating an additional $3,250 in monthly income ($39,000 annually).
Well-maintained property with established, family-oriented tenants and a strong history of early or on-time rent payments.
Investment Highlights:
$440 per square foot
7.1% capitalization rate
10.0x Gross Rent Multiplier (GRM)
10.2x Gross Income Multiplier (GIM)
$399,285 per residential unit
$3,250 in additional monthly parking income
Seller info (424)400-1888
Features & Amenities
Interior Features
- Brick
- Electric
- Forced air
- Gas
- None
- Shake / Shingle
- Stucco
- Wall
- Wood
Property Owner
Property Owner
Property Owner