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Map
$4,972,536*
●
Multifamily -
Off Market
939 Pacific Avenue
Long Beach, CA 90813
Studio
0 Bath
$3,056,000 - $3,734,000
Reference Base Price*
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
The property is a 13 Unit Turnkey Apartment Complex located in
vibrant Downtown Long Beach. Downtown Long Beach has become
one of the most soft after sub-markets in Greater Los Angeles for
institutional capital due to its coastal location and business
friendly climate, which has led to significant rent growth and high
occupancy levels over the past few years. Current ownership
has remodeled 100% of the unit interiors with high end modern
finishes and fixtures, all of which were permitted through the City
of Long Beach. 85% of the units have been rented for $1495,
while the last 2 vacancies were filled at $1595 enabling a Buyer to
level rents and capture a 5.06% Cap Rate within 12 months.
Unit Size
-
Days on Market
-
Land Size
7,504.00 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2019 | No longer available | - | |
| No longer available | |||
| Oct 18, 2019 | Sold to Mark Slater | $3,375,000 | |
| Sold to Mark Slater | |||
| Jun 21, 2019 | Price Decreased |
$3,395,000
↓ $100K
(2.9%)
|
|
| Price Decreased | |||
| May 29, 2019 | Listed | $3,495,000 | |
| Listed | |||
Property Highlights
Parking Available
Garage
939 Pacific Avenue
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
05/29/2019
|
|
Studio
|
-
|
-
|
$3,495,000
Studio
-
|
-
-
|
-
|
-
|
Building Info
