18-Unit Apartment
New
For Sale
$3,960,000
111 W Del Amo Blvd, Long Beach, CA 90805
Residential property with a pool, controlled entry, laundry facilities, and garage parking.
Property Size12,404 SF
Days on Market2
Property Features for 111 W Del Amo Blvd
General Information
Standard status
Active
Size
12,404 SF
Total Parking Spaces
12
Property subtype
Multifamily
Site & Location
Neighborhood
Sutter
Units
Unit Mix
8 x 2BR/1BA, 10 x 1BR/1BA
Multifamily Units
18
Additional Details
Cap Rate
5.55%
Amenities
pool
controlled access
laundry facilities
18-Unit Apartment Building With a Mix of Eight Two-Bedroom/One-Bath Units and 10 One-Bedroom/ One-Bath Units
Partially Renovated Asset With 18 Percent Rental Upside
Property Boasts a Pool, Garage Parking, On-Site Laundry, Controlled Access, and New Windows
Located in a Strong Rental Market Directly Across From a Middle School and Proximate to the Virginia Country Club
Building Details
Building Size
12,404 SF
Buildings
1
Units
18
Listed By:
Bogie Bogoyevac · License #License(s): CA: 01332755
(424) 405-3826
Source:
Marcusmillichap
Added: Oct 28
Last Checked: Oct 28 at 4:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bogie Bogoyevac
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Investment Insights
Based on property information with market context.
This 18-unit apartment property contains eight two-bedroom, one-bath residences and 10 one-bedroom, one-bath residences. Shared amenities include a swimming pool, controlled access, and laundry facilities. Parking is provided by 12 single-car garages and tandem driveway spaces. Recent work includes replacement of all windows, a new pool fence, updated pool equipment, and interior remodeling completed in three units; remodeling of another unit is underway.
The property fronts Del Amo Boulevard in Long Beach. Perry Lindsey Middle School is across the street, Dooley Elementary is nearby, and Bixby Knolls Shopping Center is one mile away. Retailers and services at the center include Vons, ALDI, Marshalls, Starbucks, and a post office.
The property fronts Del Amo Boulevard in Long Beach. Perry Lindsey Middle School is across the street, Dooley Elementary is nearby, and Bixby Knolls Shopping Center is one mile away. Retailers and services at the center include Vons, ALDI, Marshalls, Starbucks, and a post office.
Key Highlights
- 18 apartments: eight two‑bedroom/one‑bath units and 10 one‑bedroom/one‑bath units
- 12 single‑car garages, plus tandem driveway parking
- Pool, controlled access, and laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$207,183
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,143,660
$4.1M
Cap Rate 7%
$2,959,757
$3.0M
Cap Rate 9%
$2,302,033
$2.3M
Market Conditions
NOI Build-Up for 12,404 SF
Gross rent
$394.4K $31.80/SF
− Vacancy
−$17.8K −$1.43/SF
EGI
$376.7K $30.37/SF
− OpEx
−$169.5K −$13.67/SF
NOI
$207.2K $16.70/SF
Area
ZIP 90805
Vacancy
4.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,143,660
Cap Rate 7%
$2,959,757
Cap Rate 9%
$2,302,033
Alternative Uses
Best Use
Apartment 5plus
$2.96M
$2.59M – $3.45M
NOI $207,183 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.72M
$3.25M – $4.33M
NOI $260,067 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
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Business Placement
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residential property with a pool, controlled entry, laundry facilities, and garage parking.
Where is this apartment building located?
The property is located at 111 W Del Amo Blvd Long Beach, CA.
What is the asking price?
The asking price for this property is $3,960,000.
What are key features of this property?
This property features: 18 apartments: eight two‑bedroom/one‑bath units and 10 one‑bedroom/one‑bath units; 12 single‑car garages, plus tandem driveway parking; Pool, controlled access, and laundry facilities
