4480 Orange Ave, Long Beach, CA 90807

4480 Orange Ave, Long Beach, CA 90807

Long Beach, CA

Property Description

<p class=”textbox” dir=”ltr”>Lyon | Stahl is pleased to present 4480 Orange Ave, an 8-unit apartment building located in the Bixby Knolls neighborhood of Long Beach.</p>
<p class=”textbox” dir=”ltr”>This beautifully maintained property has a unit mix consisting of eight (8) 1-bed/1-bath units combining for a total living space of 5,249 SF. Situated on an 8,270 SF lot, this 8-unit complex features a Koi Pond, four (4) garage/carport parking spaces, and recently renovated units. Currently operating at a 4.21% CAP Rate and 14.32 GRM, this is an ideal investment for any investor looking to add a great cash-flowing property to their portfolio.</p>

Property Features

  • Sale Price: $1,850,000
  • Area Size: 5,249 SF
  • Land Area: 8,270 SF
  • Year Built: 1947
  • Closing Date: 6/28/18
  • Units: 8
  • Current GRM: 14.43
  • Current Cap Rate: 4.16%
  • Price Per Unit: $234,375
  • Market GRM: 12.91
  • Market Cap Rate: 4.84%

Lyon Stahl Investment Real Estate

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