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Multifamily

5423 Dairy Ave

5423 Dairy Ave, Long Beach, CA 90805

Listing Price: $1,150,000

Cap Rate
5.29%
Number of Units
7
Price/Unit
$164,286
Price/Gross SF
$382.31
Gross SF
3,008

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 5423 Dairy Avenue, a 6+1 unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. 5423 Dairy Avenue offers an excellent unit mix consisting of 6, one-bedroom units and 1, nonconforming studio. The property offers amenities including gated entry, security doors, garage parking, and on-site laundry. 5423 Dairy Avenue has an excellent location adjacent to the historic Bixby Knolls neighborhood, which is quickly redeveloping into a creative and social corridor with trendy new retail shops and eclectic eateries. This positioning places residents moments away from numerous emerging employment and entertainment opportunities. Additionally, the property is 1 mile from the LA Metro Del Amo Station, an elevated light rail station on the north-south A Line (Blue Line), which connects to regional employment hubs throughout Los Angeles and Long Beach. 5423 Dairy Avenue is also within a 2.50-mile radius of Interstates 405 and 710, State Route 91, and the Long Beach Airport, which places residents near numerous transportation arteries as well as one of the busiest airports in the greater Southern California area.

Investment Highlights

  • A 6+1 Unit Multifamily Investment Property Located in Long Beach
  • Consists of 1, Nonconforming Studio and 6, One-Bedroom Units
  • Amenities Include Gated Entry, Security Doors, Garage Parking, and On-Site Laundry
  • Located Just Off of Long Beach Boulevard and 1 Mile from LA Metro's Del Amo Station

Exclusively Listed By

Listing Price: $1,150,000

Cap Rate
5.29%
Number of Units
7
Price/Unit
$164,286
Price/Gross SF
$382.31
Gross SF
3,008

Investment Highlights

  • A 6+1 Unit Multifamily Investment Property Located in Long Beach
  • Consists of 1, Nonconforming Studio and 6, One-Bedroom Units
  • Amenities Include Gated Entry, Security Doors, Garage Parking, and On-Site Laundry
  • Located Just Off of Long Beach Boulevard and 1 Mile from LA Metro's Del Amo Station

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 5423 Dairy Avenue, a 6+1 unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. 5423 Dairy Avenue offers an excellent unit mix consisting of 6, one-bedroom units and 1, nonconforming studio. The property offers amenities including gated entry, security doors, garage parking, and on-site laundry. 5423 Dairy Avenue has an excellent location adjacent to the historic Bixby Knolls neighborhood, which is quickly redeveloping into a creative and social corridor with trendy new retail shops and eclectic eateries. This positioning places residents moments away from numerous emerging employment and entertainment opportunities. Additionally, the property is 1 mile from the LA Metro Del Amo Station, an elevated light rail station on the north-south A Line (Blue Line), which connects to regional employment hubs throughout Los Angeles and Long Beach. 5423 Dairy Avenue is also within a 2.50-mile radius of Interstates 405 and 710, State Route 91, and the Long Beach Airport, which places residents near numerous transportation arteries as well as one of the busiest airports in the greater Southern California area.

Exclusively Listed By

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