3701 E Broadway
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3701 E Broadway
4 Unit Apartment Building $2,724,252 CAD ($681,063 CAD/Unit) 4.59% Cap Rate Long Beach, CA 90803
Investment Highlights
- Incredible location - Belmont Heights!
- Townhome style living! Interior laundry room!
- Room to increase rents!
- Close proximity to Belmont Shore Second street! Close proximity to Ocean!
- 8 onsite parking spaces!
- ADU potential - ADU Plans will be provided on request!
Executive Summary
We are proud to present 3701 E. Broadway to the market! This spectacular Belmont Heights 4plex is located on the corner of Euclud and Broadway. Just a short stroll to the Ocean, Belmont Shore, wonderful local restaurants, shopping, incredible schools, parks and much more! The asset is comprised of two completely detached buildings (two duplexes) with an unbeatable unit mix (1. 3bd x 2bth - 1. 2bd x 2bth - 2. 1bd x 1bth) Situated on a large rectangular (6,509 SF) lot, both buildings are strategically positioned maximizing yard space. Building 1; town-home style living at its best, each unit is two story and has its own laundry, yard space, one garage with one additional parking space. Building 2; units are located above the garages, share a rear yard and laundry, each have their own garage and additional parking space. A prime asset to add an ADU. The current owner will provide all approved ADU plans to prospective buyer/s on acceptance. 4plex buildings are arguably the most sought after asset on the market today, this one won’t last long!
Financial Summary (Actual - 2025) 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 - 2025) 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 | $2,724,252 CAD | Apartment Style | Low Rise |
| Price Per Unit | $681,063 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.59% | Building Size | 3,898 SF |
| Gross Rent Multiplier | 14.36 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Price | $2,724,252 CAD |
| Price Per Unit | $681,063 CAD |
| Sale Type | Investment |
| Cap Rate | 4.59% |
| Gross Rent Multiplier | 14.36 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,898 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2020 |
| Parking Ratio | 1.03/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Dishwasher
- Ceiling Fans
- Crown Molding
- Kitchen
- Hardwood Floors
- Sprinkler System
- Dining Room
- Garden
Site Amenities
- Courtyard
- Fenced Lot
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $3,163 CAD | 555 |
| 1+1 | 1 | $3,163 CAD | 555 |
| 2+2 | 1 | $3,810 CAD | 1,288 |
| 3+2 | 1 | $4,241 CAD | 1,500 |
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 7255-010-013 | Total Assessment | $2,839,241 CAD (2024) |
| Land Assessment | $1,842,884 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $996,356 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
7255-010-013
Land Assessment
$1,842,884 CAD (2024)
Improvements Assessment
$996,356 CAD (2024)
Total Assessment
$2,839,241 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
zoning
| Zoning Code | CNP, Long Beach (The Neighborhood Commercial and Residential (LCNP) District is a mixed-use permitting small scale commercial uses and/or moderate density residential.) |
| CNP, Long Beach (The Neighborhood Commercial and Residential (LCNP) District is a mixed-use permitting small scale commercial uses and/or moderate density residential.) |
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