Two-Bedroom Apartment
For Sale
$2,195,000
46 E Plymouth St, Long Beach, CA 90805
Eight two-bedroom, one-bath units in a 1964-built apartment community with community laundry and garage parking.
Property Size6,808 SF
Lot Size0.17 Acres
Price / SF$322.41
Days on Market212
Property Features for 46 E Plymouth St
General Information
Standard status
Active
Size
6,808 SF
Total Parking Spaces
7
Lot size
0.17 Acres
Property subtype
Multifamily
Site & Location
Neighborhood
Addams
Additional Details
Cap Rate
5.5%
Multifamily Units
8
Amenities
Attractive Unit Mix: 100% Two-Bedroom Units
Recent Capital Improvements: New Windows, Garage Doors, & Electrical Sub-Panels
Close to Desirable Bixby Knolls Area & Virginia Country Club
Ample On-Site Parking: Six (6) Enclosed Garages With Additional Driveway Parking
Convenient Location: Close To Schools, Retail, Freeways, Employment Centers, & Entertainment
Large On-Site Laundry Facility
Strong Returns: 6.08% CAP Rate & 6.49% Cash-On-Cash Return On Current Income
Strong Returns: 8.37% CAP Rate & 11.57% Cash-On-Cash Return At Market Rents / ADU Development Potential
Building Details
Building Size
6,808 SF
Year Built
1964
Units
8
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Greg Bassirpou · License #License(s): CA: 01365951
(949) 419-3234
Source:
Marcusmillichap
Added: Apr 3
Changed: Oct 25
Last Checked: Oct 30 at 10:28AM
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 Marcus & Millichap - Orange County
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Investment Insights
Based on property information with market context.
The Plymouth Street Apartments is an eight-unit apartment community built in 1964. The property has a consistent unit mix of two-bedroom, one-bath units, totaling approximately 6,808 square feet. Recent capital improvements include new garage doors, new electrical sub-panels, and new vinyl windows.
On-site amenities include a spacious community laundry room, six single-car garages with front driveway parking, and one additional surface parking space.
The current configuration is designed around the established two-bedroom format, with parking access through the front driveway and garage spaces supporting day-to-day resident needs.
On-site amenities include a spacious community laundry room, six single-car garages with front driveway parking, and one additional surface parking space.
The current configuration is designed around the established two-bedroom format, with parking access through the front driveway and garage spaces supporting day-to-day resident needs.
Key Highlights
- 8‑unit apartment community in Long Beach with eight 2‑bedroom/1‑bath units
- Built in 1964; approx. 6,808 SF total on a 7,424 SF lot
- Recent capital improvements include new garage doors, new electrical sub‑panels, and new vinyl windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,714
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,274,280
$2.3M
Cap Rate 7%
$1,624,486
$1.6M
Cap Rate 9%
$1,263,489
$1.3M
Market Conditions
NOI Build-Up for 6,808 SF
Gross rent
$216.5K $31.80/SF
− Vacancy
−$9.7K −$1.43/SF
EGI
$206.8K $30.37/SF
− OpEx
−$93.0K −$13.67/SF
NOI
$113.7K $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%
$2,274,280
Cap Rate 7%
$1,624,486
Cap Rate 9%
$1,263,489
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.42M – $1.90M
NOI $113,714 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,739 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
860
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 - Eight two-bedroom, one-bath units in a 1964-built apartment community with community laundry and garage parking.
Where is this apartment building located?
The property is located at 46 E Plymouth St Long Beach, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 8‑unit apartment community in Long Beach with eight 2‑bedroom/1‑bath units; Built in 1964; approx. 6,808 SF total on a 7,424 SF lot; Recent capital improvements include new garage doors, new electrical sub‑panels, and new vinyl windows
