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Multifamily

3910 E 11th St

3910 E 11th St, Long Beach, CA 90804

Listing Price: $2,800,000

Cap Rate
4.00%
Number of Units
8
Price/Unit
$350,000
Price/Gross SF
$391.72
Gross SF
7,148

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 3910 East 11th Street, an 8-unit multifamily investment property located in Long Beach, a premier rental market in Los Angeles County, California. Built in 1987, 3910 East 11th Street offers exclusively two-bedroom floor plans and amenities including gated access, on-site laundry, vinyl flooring, granite countertops (select units), private balconies, and a parking garage. 3910 East 11th Street is situated in a desirable Eastside location, providing residents with convenient access to a plethora of dining, entertainment, and retail options. Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable markets. The average household income in Long Beach is projected to grow by 5.05 percent to $101,229 by 2026. Additionally, 55.48 percent of households in Long Beach are renter occupied. The neighborhoods surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 3910 East 11th Street.

Investment Highlights

  • 100 Percent Spacious Two Bed/Two Bath Floor Plans
  • Vinyl Flooring & Granite Countertops
  • Highly Desirable 1987 Construction
  • Gated Access, Private Balconies, On-Site Laundry, & a Gated Parking Garage - 11 Spaces Total
  • Within Close Proximity to Schools, Parks, Grocers, & Retailers

Exclusively Listed By

Financing By

Multifamily

3910 E 11th St

Listing Price: $2,800,000

Cap Rate
4.00%
Number of Units
8
Price/Unit
$350,000
Price/Gross SF
$391.72
Gross SF
7,148

Investment Highlights

  • 100 Percent Spacious Two Bed/Two Bath Floor Plans
  • Vinyl Flooring & Granite Countertops
  • Highly Desirable 1987 Construction
  • Gated Access, Private Balconies, On-Site Laundry, & a Gated Parking Garage - 11 Spaces Total
  • Within Close Proximity to Schools, Parks, Grocers, & Retailers

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 3910 East 11th Street, an 8-unit multifamily investment property located in Long Beach, a premier rental market in Los Angeles County, California. Built in 1987, 3910 East 11th Street offers exclusively two-bedroom floor plans and amenities including gated access, on-site laundry, vinyl flooring, granite countertops (select units), private balconies, and a parking garage. 3910 East 11th Street is situated in a desirable Eastside location, providing residents with convenient access to a plethora of dining, entertainment, and retail options. Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable markets. The average household income in Long Beach is projected to grow by 5.05 percent to $101,229 by 2026. Additionally, 55.48 percent of households in Long Beach are renter occupied. The neighborhoods surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 3910 East 11th Street.

Exclusively Listed By

Financing By

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