Two-Bedroom Apartment
46 E Plymouth St Long Beach, CA 90805
46 E Plymouth St, Long Beach, CA, 90805
$2,475,000
For Sale
$2,475,000
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$363.54
Days on Market111
Property Features for 46 E Plymouth St
General Information
- Standard status
- Active
- Size
- 6,808 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Listing agency
Orange County Office
(949) 419-3234
Listed by
Greg Bassirpou · License #CA: 01365951
(949) 419-3234
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 21 at 1:06AM Checked: Jul 21 at 3:08AM
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 Orange County Office
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.5k | $31.80 |
| − Vacancy | −$9.7k | −$1.43 |
| EGI | $206.8k | $30.37 |
| − OpEx | −$93.0k | −$13.67 |
| NOI | $113.7k | $16.70 |
6,808 SF · lease $31.80/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.42M – $1.90M
NOI $113,714 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,739 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 $2,475,000.
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
