Five-Unit Apartment
For Sale
Contact for pricing
Pending
2311 E 11th St, Long Beach, CA 90804
Includes a fully renovated accessory dwelling unit alongside the apartment units.
Property SizeContact for details
Days on Market144
Property Features for 2311 E 11th St
General Information
Standard status
Pending
Property subtype
Multifamily
Financials
Cap Rate
4.62%
Gross Rent Multiplier
13.95
Additional Details
Multifamily Units
5
Listing Agency:
Dover Management Corporation
Listed By:
John Alden · License #02007413
Source:
Crexi
Added: Apr 12
Changed: Sep 2
Last Checked: Sep 2 at 12:28AM
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 Dover Management Corporation
Investment Insights
Based on property information with market context.
This multifamily property combines four apartment units with an accessory dwelling unit, creating a five-tenant residential configuration. The ADU has undergone a complete remodel, and rental increases are scheduled to begin early next year.
The property is positioned between Downtown Long Beach and the Traffic Circle Area, with the Pacific Ocean less than 1.5 miles away. Four of the five tenants participate in Section 8. Current operating metrics include a 4.62% cap rate and a 13.95 GRM, while projected income upside is 15.6%.
The property is positioned between Downtown Long Beach and the Traffic Circle Area, with the Pacific Ocean less than 1.5 miles away. Four of the five tenants participate in Section 8. Current operating metrics include a 4.62% cap rate and a 13.95 GRM, while projected income upside is 15.6%.
Key Highlights
- Four apartment units plus one accessory dwelling unit
- Accessory dwelling unit recently completely remodeled
- Four of five tenants are Section 8
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,826
Businesses Nearby
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Includes a fully renovated accessory dwelling unit alongside the apartment units.
Where is this apartment building located?
The property is located at 2311 E 11th St Long Beach, CA.
What are key features of this property?
This property features: Four apartment units plus one accessory dwelling unit; Accessory dwelling unit recently completely remodeled; Four of five tenants are Section 8
