1090 E San Antonio Dr, Long Beach 90807
The San Antonio Apartments is a 20-unit apartment community consisting of 16-one bedroom units and 4-studio units, located in the affluent Bixby Knolls neighborhood of Long Beach. The property offers investors a unique opportunity to acquire a highly sought-after property with over 15% rental upside in a strong non-rent controlled market. Located in prime Bixby Knolls across the street from the beautiful Bixby Knolls Park
sold
UNITS: 20
GROSS RENT MULTIPLIER: 5
CAP RATE:
PRICE
$4,875,000
ANNUAL INCOME
$329,667
ANNUAL NOI
$200,724
ANNUAL EXPENSE
$112,459
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 4 | 0 | 1 | $1,119 | $4,476 | $1,325 | $5,300 |
| 16 | 1 | 1 | $1,337 | $21,392 | $1,575 | $25,200 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 20 | 1 | 2 | $25,868 | $30,500 |
