826 Euclid Ave

08-05-2022
08-05-2022

826 Euclid Ave, Long Beach, CA 90804

  • High-Income 7-Unit | 3.37% CAP Rate
  • 5,438 SF 2-Story Property on a 5,848 SF Lot
  • Strong Rental Income in a Low Inventory Area | 5.06% Market CAP
  • Unit Mix: (3) 2-Bed/1-Bath & (4) 1-Bed/1-Bath Units
  • (4) Single Car Garages with (4) Uncovered Spaces | Shared Laundry Space
  • Located in a Nice Pocket of East Long Beach | Near Jefferson Leadership Academy Middle School & Woodrow Wilson High School

Property Description

826 Euclid Ave is a well-positioned 7-Unit building located on a quiet residential street in East Long Beach. Built in 1954, the 5,438 SF building sits on a 5,848 SF lot, and features (3) 2-bed/1-bath units, and (4) 1-bed/1-bath units. The property also includes (4) single car garages with (3) uncovered spaces and a shared laundry space. The property boasts a 3.37% Cap Rate with a 5.06 Market CAP, and is located near Jefferson Leadership Academy Middle School & Woodrow Wilson High School.
Given the ideal location in a desirable city and consistent rental income this building provides, 826 Euclid is a great opportunity to own a quality asset for any Los Angeles CRE investor or owner-user.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 2,175,000
No. of Units
7
Year Built
1954
Building Size
5,438 Sq ft
Lot Size
5848 sq ft
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 310,714
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33.777704, -118.148794

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