1634 W Parade

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1634 W Parade

Long Beach, CA 90810
Asking Price
$1.10M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Four-unit multifamily apartment building available for purchase in Long Beach.
  • Investment asset priced at one million one hundred thousand dollars.
  • Located at 1634 W Parade in the 90810 ZIP code.
  • Asset provides a manageable scale for residential rental income portfolios.
  • Property sits within an established coastal California multifamily submarket.

What's Special

This multifamily apartment building at 1634 W Parade is currently offered for sale to investors seeking to expand their residential holdings in Long Beach, California. The property consists of four distinct units within a established coastal market known for consistent tenant demand and proximity to major regional logistics hubs and the Port of Long Beach. Long Beach maintains a dense, urban character that supports stable occupancy levels across its apartment inventory, making this an appropriate addition for those prioritizing reliable income-producing assets. Given the layout and unit count, this building provides a manageable entry point for both private and institutional investors looking to capitalize on the region’s ongoing economic activity. Its location in the 90810 ZIP code places residents within reach of local transit corridors and the diverse amenities characteristic of the greater Los Angeles metropolitan area.

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

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