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Multifamily

6974 Long Beach Blvd

6974 Long Beach Blvd, Long Beach, CA 90805

Listing Price: $6,535,000

Cap Rate
4.52%
Number of Units
27
Occupancy
97.0%
Price/Unit
$242,037
Price/Gross SF
$369.04
Gross SF
17,708

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 6974 Long Beach Boulevard, a 27-unit multifamily investment property located in Long Beach, California. Built in 1965, the property sits on 0.62 acre and has a combined building size of approximately 17,708 square feet. The property is comprised of two buildings that consist of (18) one bedroom/one bathroom units of approximately 611 square feet and (9) two bedroom/one bathroom units of approximately 745 square feet. The property features gated controlled access, single and double car garages, open space parking and an on-site laundry room. All of the units are individually metered for gas and electricity and have individual hot water heaters. The property has an attractive rental location on Long Beach Boulevard and is ideally situated with easy access to the 710 Long Beach Freeway, Interstate 105 and the 91 Freeway. Along with its central location and proximity to Downtown Los Angeles, the city is well served by the Martin Luther King, Jr. Transit Center and the Blue Line light rail station providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home.

Investment Highlights

  • Spacious One & Two Bedroom Floorplans
  • Individually Metered for Gas & Electricity and Individual Water Heaters
  • Controlled Gated Access and On-Site Laundry

Exclusively Listed By

Listing Price: $6,535,000

Cap Rate
4.52%
Number of Units
27
Occupancy
97.0%
Price/Unit
$242,037
Price/Gross SF
$369.04
Gross SF
17,708

Investment Highlights

  • Spacious One & Two Bedroom Floorplans
  • Individually Metered for Gas & Electricity and Individual Water Heaters
  • Controlled Gated Access and On-Site Laundry

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 6974 Long Beach Boulevard, a 27-unit multifamily investment property located in Long Beach, California. Built in 1965, the property sits on 0.62 acre and has a combined building size of approximately 17,708 square feet. The property is comprised of two buildings that consist of (18) one bedroom/one bathroom units of approximately 611 square feet and (9) two bedroom/one bathroom units of approximately 745 square feet. The property features gated controlled access, single and double car garages, open space parking and an on-site laundry room. All of the units are individually metered for gas and electricity and have individual hot water heaters. The property has an attractive rental location on Long Beach Boulevard and is ideally situated with easy access to the 710 Long Beach Freeway, Interstate 105 and the 91 Freeway. Along with its central location and proximity to Downtown Los Angeles, the city is well served by the Martin Luther King, Jr. Transit Center and the Blue Line light rail station providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home.

Exclusively Listed By

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