2626 E Anaheim St
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2626 E Anaheim St
6 Unit Apartment Building $1,265,760 CAD ($210,960 CAD/Unit) 7.23% Cap Rate Long Beach, CA 90804
Investment Highlights
- Parking
- Motivated Seller
- conveniently located in a central Long Beach with easy access to amenities
- individualy metered for gas and electric
- Upside to Rents
- $246 per SF
Executive Summary
KARA Commercial is pleased to present the opportunity to acquire 2626 E Anaheim St, a 6-unit mixed use investment property built in 1936, located in Long Beach, one of the premier housing markets in Southern California.
Anaheim St consists of four large 1Bed and 1Bath unit floor plans, one two story 2Bed and 1 bath unit and one Studio.
Both 1Bed and 1Bath units are being utilized for commercial space one being a Florist and the other being a Tobacco Shop.
All tenants are on month to month except Tobacco Shop which has one and a half year left .
Property is separately metered for gas and electric. Additionally Anaheim offers 8 secured parking spaces in the back for added income.
there is also a laundry onsite that can be additional potential income.
Given the property’s fantastic location it is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
The areas surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities.
Anaheim St consists of four large 1Bed and 1Bath unit floor plans, one two story 2Bed and 1 bath unit and one Studio.
Both 1Bed and 1Bath units are being utilized for commercial space one being a Florist and the other being a Tobacco Shop.
All tenants are on month to month except Tobacco Shop which has one and a half year left .
Property is separately metered for gas and electric. Additionally Anaheim offers 8 secured parking spaces in the back for added income.
there is also a laundry onsite that can be additional potential income.
Given the property’s fantastic location it is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
The areas surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$131,647
|
$36.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$131,647
|
$36.13
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $131,647 |
| Annual Per SF | $36.13 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $131,647 |
| Annual Per SF | $36.13 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,265,760 CAD | Property Subtype | Apartment |
| Price Per Unit | $210,960 CAD | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.23% | Lot Size | 0.13 AC |
| Sale Conditions | 1031 Exchange | Building Size | 3,644 SF |
| Gross Rent Multiplier | 9.6 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1936 |
| Property Type | Multifamily | Parking Ratio | 2.2/1,000 SF |
| Price | $1,265,760 CAD |
| Price Per Unit | $210,960 CAD |
| Sale Type | Investment |
| Cap Rate | 7.23% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 9.6 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,644 SF |
| No. Stories | 2 |
| Year Built | 1936 |
| Parking Ratio | 2.2/1,000 SF |
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
- Wheelchair Accessible
- On-Site Retail
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,847 CAD | 607 |
| 2+1 | 1 | $1,772 CAD | 1,200 |
| Studios | 1 | $1,828 CAD | 460 |
1 of 1
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 7260-028-004 | Improvements Assessment | $142,243 CAD (2024) |
| Land Assessment | $199,139 CAD (2024) | Total Assessment | $341,382 CAD (2024) |
PROPERTY TAXES
Parcel Number
7260-028-004
Land Assessment
$199,139 CAD (2024)
Improvements Assessment
$142,243 CAD (2024)
Total Assessment
$341,382 CAD (2024)
zoning
| Zoning Code | CP (LBCCP Subdivision: National Star Tract) |
| CP (LBCCP Subdivision: National Star Tract) |
-
Alec Kara -
Kara Commercial
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2626 E Anaheim St
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