1513 E Broadway

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1513 E Broadway

Long Beach, CA 90802
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Five-unit multifamily apartment building available for sale
  • Located in the coastal market of Long Beach California
  • Property situated within the established 90802 ZIP code
  • Asset provides stable residential income potential for investors
  • Accessible to major transit corridors and regional employment hubs

What's Special

This five-unit multifamily apartment building sits in the coastal city of Long Beach, California. Positioned in the 90802 ZIP code, the property benefits from proximity to the diverse economic drivers and robust urban infrastructure characteristic of the greater Los Angeles metropolitan area. Long Beach serves as a major gateway for international trade and hosts a dense, active population base that supports consistent demand for rental housing. The building provides a stable asset for investors seeking to maintain a foothold in an established Southern California submarket. Given the unit configuration, this property is suited for traditional residential leasing or long-term hold strategies within a high-barrier-to-entry coastal environment. The surrounding neighborhood offers convenient access to local transit corridors and proximity to major regional employment centers, contributing to the long-term utility of the site as a residential investment.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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