2516 E Anaheim St Long Beach, CA 90804
Property Features for 2516 E Anaheim St
General Information
- Lot size
- 0.36 Acres
Building Details
- Year built
- 1923
Source:
Elliman
Listing Agency: Marcus & Millichap
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Long Beach Multifamily Investment Opportunity
This 11-unit garden-style apartment community is located in the Zaferia District of Long Beach. The property is offered at $181,000 per unit, which equates to $293 per square foot. The investment provides a 6.8% CAP rate and a 9.43 GRM, with an over 8% cash-on-cash return. The unit mix consists primarily of two-bedroom floorplans. Investors can expect an estimated 39% future rental upside. Recent upgrades include new electrical panels. The property is positioned along a high-traffic corridor near local shops, restaurants, and transit options. It offers in-place income with long-term growth potential in a supply-constrained coastal market.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1617029
- Latitude
- 33.7822724
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 11-unit apartment community in Long Beach's Zaferia District.
Where is this apartment building located?
The property is located at 2516 E Anaheim St Long Beach, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: - Strong in-place income with a **6.8% CAP rate and over 8% cash-on-cash return.**; - Significant long-term growth potential with an **estimated 39% future rental upside.**; - Desirable unit mix with a majority of spacious two-bedroom floorplans.