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1042-1048 E Broadway
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- The property is listed at an asking price of $1,749,000.
- This multifamily asset consists of five individual apartment units.
- The investment currently generates a 4.25% capitalization rate.
- The building is situated in the 90802 zip code of Long Beach.
- It serves the consistent rental demand of the Southern California region.
What's Special
Priced at $1,749,000, this five-unit apartment building represents a multifamily investment located at 1042-1048 E Broadway in Long Beach, California. The asset functions within the dense urban fabric of the 90802 zip code, a region known for its strong rental demand and proximity to the coastal economic corridor of the greater Los Angeles metro area. This submarket benefits from its strategic position near major port operations and a diverse regional economy that supports consistent housing needs for local professionals and service workers. Given the scale and configuration of the property, it provides a stable residential holding suitable for investors looking to acquire a footprint in a highly accessible coastal community. The asset's location near local thoroughfares ensures connectivity to surrounding commercial hubs and recreational areas, maintaining its relevance for long-term residential occupancy. This multifamily asset offers a straightforward entry point for portfolios focused on multi-unit holdings in the Southern California rental market.
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