For Sale
$795,000

1107 Mahanna AveLong Beach, CA 90813

Three-unit building, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional multifamily investment opportunity presents a well-maintained three-unit apartment building located at 1107 Mahanna Ave, Long Beach, CA 90813, within Los Angeles County. Built in 1919, this property boasts a strong net operating income (NOI) of $37,700, translating to a compelling 3.44% capitalization rate. The asking price is $795,000, representing a price per unit of $265,000 and a gross rent multiplier (GRM) of 15.06. The property is classified as both an apartment building and a single-family rental portfolio, offering flexibility and potential for diverse income streams. The land value, calculated at $469 per square foot, underscores the significant potential for future appreciation. This property is an attractive investment for those seeking a stable, cash-flowing asset in a desirable Long Beach location. The property's location offers convenient access to local amenities and transportation. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-positioned multifamily property with a proven track record of profitability. Don't miss out on this chance to add a valuable asset to your investment portfolio.

Highlights

  • Three-unit apartment building at 1107 Mahanna Ave, Long Beach, CA 90813.
  • Strong NOI of $37,700 and a 3.44% capitalization rate.
  • Asking price: $795,000 ($265,000 per unit, 15.06 GRM).
  • Built in 1919, classified as both an apartment building and single-family rental portfolio.
  • Land value: $469 per square foot.

Property Details for 1107 Mahanna Ave

Property type
Residential income homes, Apartment buildings
Year Built
1919
Units
3

Location Insight

City
Long Beach
County
Los Angeles
State
California
Latitude
33.7812985
Longitude
-118.1751719
1107 Mahanna Ave, Long Beach, California

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1107 Mahanna Ave
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