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5-Unit Long Beach Building - Perfect for CSULB Students!

Property consists of a single two-story building that contains one (1) two-bedroom and four (4) one-bedroom units. The asset is in good condition, with four of the units boasting newer wood and tile flooring, granite countertops, and more. The property also features on-site parking, which is an especially coveted amenity in this parking impacted neighborhood.

4781 East PCH is located in Long Beach’s Traffic Circle area just over a mile from California State University, Long Beach. This area is highly desired by CSULB students, and the property is located within easy walking distance of the school’s off-campus housing and shuttle stop. The Traffic Circle area has seen impressive development in recent years, including the complete renovations of massive apartment communities such as The Landing at Long Beach, Alvista, and Beverly Plaza Apartments, as well as the construction o fa Chick-Fil-A, CVS, and more. Tenants of 4781 E Pacific Coast Highway enjoy easy walking dsitance to a Vons grocery store, Marshalls, In-N-Out, and numerous other retail and dining options.

With a desirable location in a strong rental market, 4781 E Pacific Coast Highway presents an excellent opportunity for an investor to capture substantial potential upside in rents.

Property Details

  • Units: 5
  • Gross Rent Multiplier: 17.46
  • Cap Rate: 3.49
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Price

$1,495,000

Annual Income

$83,471

Annual NOI

$52,242

Annual Expense

$31,230

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
411$1,323$5,292$1,725$6,900
121$1,845$1,845$1,950$1,950
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
532$7,137$8,850

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