230 NIETO AVE

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230 NIETO AVE

LONG BEACH, CA 90803
Asking Price
$1.75M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for sale in Long Beach
  • Located at 230 Nieto Ave in the 90803 zip code
  • Asking price for the residential asset is 1,750,000 dollars
  • Coastal Southern California location with access to regional employers
  • Stable submarket supporting consistent demand for residential rental properties

What's Special

This multifamily apartment building at 230 Nieto Ave in Long Beach provides a stable investment in a coastal Southern California market. Long Beach maintains a diverse economy supported by its proximity to the Port of Long Beach and a consistent demand for residential housing near the Pacific coast. The property is situated within a densely populated area that benefits from established transit corridors and strong connectivity to the broader Los Angeles metropolitan region. Residential assets in this locale serve a steady demographic of professionals and commuters seeking access to local commerce and recreational amenities. Prospective owners can utilize the site for long-term rental income or potential repositioning strategies to align with the current housing needs of the neighborhood. The location offers proximity to regional infrastructure, supporting the ongoing appeal of the submarket for both residents and investors alike.

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

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