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Bixby Knolls Apartments 639 E Carson St

17 Unit Apartment Building $5,527,938 CAD ($325,173 CAD/Unit) Long Beach, CA 90807

Investment Highlights

  • Value Add - 45% Revenue Upside
  • Walk score of 91
  • 13 private garages with wide alley access and ample street parking
  • Long term ownership since 2010
  • Large courtyard with fountain and landscaping
  • No rent control in City of Long Beach

Executive Summary

VALUE ADD - 45% REVENUE UPSIDE
Bixby Knolls Apartments leased rents are below market due to long term ownership prioritizing full occupancy over rental rate optimization.
Renovations and operational improvements provide substantial rent increases and NOI growth.

Property Facts

Price $5,527,938 CAD
Price Per Unit $325,173 CAD
Sale Type Investment
No. Units 17
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.40 AC
Building Size 10,330 SF
No. Stories 2
Year Built 1941
Parking Ratio 1.25/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Sundeck

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 13 - 450
1+1 3 - 800
3+1 1 - 1,100
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7138-010-013
Land Assessment
$1,779,809 CAD
Improvements Assessment
$1,334,856 CAD
Total Assessment
$3,114,665 CAD

zoning

Zoning Code R3S
R3S
  • Listing ID: 34083625

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 639 E Carson St, Long Beach, CA 90807

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