1208 N Saint Marys Court

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1208 N Saint Marys Court

Long Beach, CA 90813
Asking Price
$799K
Cap Rate
6.24%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Long Beach, California
  • Asset features a total of four residential units
  • The property is currently offered for sale at $799,000
  • Current performance metrics show a 6.24% cap rate
  • Located within a high-demand rental market in Southern California

What's Special

Investors seeking to expand their residential holdings in Long Beach will find this four-unit apartment building a practical addition to an existing portfolio. Situated at 1208 N Saint Marys Court, the property offers a stable asset type in a coastal Southern California market that continues to see consistent demand for rental housing. The location provides proximity to the regional economic hubs and the diverse cultural amenities characteristic of the greater Long Beach area, making it a viable selection for tenants drawn to urban living. The property currently operates with a 6.24% cap rate, reflecting its performance as an income-generating multifamily asset. Prospective owners can utilize this building to secure a position in a densely populated submarket with steady occupancy trends. Its size allows for efficient management while maintaining scale within the local real estate environment.

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NOI
$80,000
Cap Rate
10.01%
DSCR
1.69
Strong
Cash-on-Cash
13.59%
Monthly Payment
$3,953.016
Annual Cash Flow
$32,563.807

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