17 Bonito Ave
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17 Bonito Ave
4 Unit Apartment Building $2,300,160 CAD ($575,040 CAD/Unit) 4.30% Cap Rate Long Beach, CA 90802
Investment Highlights
- Incredible location - In high demand!
- One of the fastest growing locations in Long Beach!
- Turnkey Asset! Very little exterior maintenance - very easy to manage!
Executive Summary
Pride of Ownership, Four Unit, Trophy Property! Located within the highly sought after community of Alamitos Beach, merely footsteps from the sand. 17 Bonito is a picturesque early 1900's building, featuring classic characteristics and qualities of early 20th century architecture – boasting high ceilings, built in cabinetry, large open floor plans and an abundance of natural light. The asset is separately metered for gas and electric and has its own large laundry room.Recent upgrades include; updated electrical wiring/panels, newer plumbing/gas lines and new roof. Interior unit upgrades are extensive and will be provided on request. Leasing in this location is in incredibly high demand, due to the buildings design, unit floor plans and proximity to the ocean, restaurants, trendy coffee shops and high end retail stores. Long Beach’s “2nd street”, is well known for its amazing fashion stores, restaurants, bars and coffee shops, located just a short drive down Ocean blvd!
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,300,160 CAD | Apartment Style | Low Rise |
| Price Per Unit | $575,040 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 4.30% | Building Size | 3,166 SF |
| Gross Rent Multiplier | 15.17 | Average Occupancy | 50% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1918/2024 |
| Property Subtype | Apartment |
| Price | $2,300,160 CAD |
| Price Per Unit | $575,040 CAD |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| Gross Rent Multiplier | 15.17 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,166 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 1918/2024 |
Amenities
- Smoke Detector
Unit Amenities
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Built-In Bookshelves
- Family Room
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $3,231 CAD | 792 |
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 7265-003-025 | Total Assessment | $2,090,047 CAD (2024) |
| Land Assessment | $1,393,365 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $696,682 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
7265-003-025
Land Assessment
$1,393,365 CAD (2024)
Improvements Assessment
$696,682 CAD (2024)
Total Assessment
$2,090,047 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | LBR4R (LBR4R) |
| LBR4R (LBR4R) |
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17 Bonito Ave
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