Multifamily

1000 E 1st St

1000 E 1st St, Long Beach, CA 90802

Listing Price: $2,800,000

Cap Rate
4.19%
Number of Units
8
Price/Unit
$350,000
Price/Gross SF
$396.83
Gross SF
7,056

Investment Overview

Marcus & Millichap is pleased to present 1000 East 1st Street, a 8 unit investment property in Long Beach, California. The property is located between Bonito and Cerritos Avenues. The property is in an ideal Long Beach location, a block away from the beach and a few blocks away from Shoreline Village. 1000 East 1st Street consists of five 1 Bedroom 1 Bathroom units and three 2 Bedroom 1 Bathroom Units. All of the units are separately metered for gas and electricity. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market with the potential to capture upside in rents.

Investment Highlights

  • Steps from the Beach
  • Walkers Paradise 91 Walk Score
  • Close to Many Ground Up Developments

Exclusively Listed By

  • Shane Young

    First Vice President Investments

    Email Shane

    License(s): CA: 01963090

    South Bay

  • Daniel Gomez

    Associate

    Email Daniel

    License(s): CA: 02081392

    South Bay

Listing Price: $2,800,000

Cap Rate
4.19%
Number of Units
8
Price/Unit
$350,000
Price/Gross SF
$396.83
Gross SF
7,056

Investment Highlights

  • Steps from the Beach
  • Walkers Paradise 91 Walk Score
  • Close to Many Ground Up Developments

Investment Overview

Marcus & Millichap is pleased to present 1000 East 1st Street, a 8 unit investment property in Long Beach, California. The property is located between Bonito and Cerritos Avenues. The property is in an ideal Long Beach location, a block away from the beach and a few blocks away from Shoreline Village. 1000 East 1st Street consists of five 1 Bedroom 1 Bathroom units and three 2 Bedroom 1 Bathroom Units. All of the units are separately metered for gas and electricity. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market with the potential to capture upside in rents.

Exclusively Listed By

  • Shane Young

    First Vice President Investments

    Email Shane

    License(s): CA: 01963090

    South Bay

  • Daniel Gomez

    Associate

    Email Daniel

    License(s): CA: 02081392

    South Bay

MM Texture Background
MM Textured Background Lower