Belmont Heights Location | Value Add Deal | 4130 E 10th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Belmont Heights Location | Value Add Deal 4130 E 10th St
10 Unit Apartment Building $3,504,677 CAD ($350,468 CAD/Unit) 4.35% Cap Rate Long Beach, CA 90804
Investment Highlights
- Quiet Residential Neighborhood Near Belmont Heights
- Adjacent Parking Lot with 8 Surface Spaces
- Strong In-Place Cash Flow
- Value-Add Opportunity - Potential to Renovate Remaining Units
- Potential to Turn Parking Lot into 2 ADUs
Executive Summary
4130 E. 10th Street is a 10-unit apartment building in a quiet neighborhood near Belmont Heights in Long Beach, California.
The property consists of ten (10) studio units. Six (6) of the units have been renovated with new flooring, updated kitchens with new stainless steel appliances and updated bathrooms.
An adjacent parking lot offers eight (8) surface parking spaces with potential for additional income. On site laundry is available, contributing to the current income. The building is master metered for gas and electricity and has an in-place RUBS program.
The property is located nearby to Recreation Park Golf Course and Colorado Lagoon which offer various outdoor activities. Additionally, the property is located less than two (2) miles to California State University Long Beach, which has a student population of 37,500 and employed faculty of 2,000.
4130 E. 10th Street provides a new owner with strong in-place cash flow with the opportunity to remodel the remaining four (4) units.
The property consists of ten (10) studio units. Six (6) of the units have been renovated with new flooring, updated kitchens with new stainless steel appliances and updated bathrooms.
An adjacent parking lot offers eight (8) surface parking spaces with potential for additional income. On site laundry is available, contributing to the current income. The building is master metered for gas and electricity and has an in-place RUBS program.
The property is located nearby to Recreation Park Golf Course and Colorado Lagoon which offer various outdoor activities. Additionally, the property is located less than two (2) miles to California State University Long Beach, which has a student population of 37,500 and employed faculty of 2,000.
4130 E. 10th Street provides a new owner with strong in-place cash flow with the opportunity to remodel the remaining four (4) units.
Property Facts
| Price | $3,504,677 CAD | Apartment Style | Low Rise |
| Price Per Unit | $350,468 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.35% | Building Size | 3,480 SF |
| Gross Rent Multiplier | 13.37 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 2.3/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,504,677 CAD |
| Price Per Unit | $350,468 CAD |
| Sale Type | Investment |
| Cap Rate | 4.35% |
| Gross Rent Multiplier | 13.37 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,480 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 2.3/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | $2,198 CAD | 348 |
1 of 1
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 7254-019-001 | Improvements Assessment | $840,092 CAD |
| Land Assessment | $1,810,543 CAD | Total Assessment | $2,650,635 CAD |
PROPERTY TAXES
Parcel Number
7254-019-001
Land Assessment
$1,810,543 CAD
Improvements Assessment
$840,092 CAD
Total Assessment
$2,650,635 CAD
zoning
| Zoning Code | LBR3S |
| LBR3S |
-
Robert Stepp -
Michael Toveg -
Stepp Commercial
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Belmont Heights Location | Value Add Deal | 4130 E 10th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.