350 E South

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350 E South

Long Beach, CA 90805
Asking Price
$599K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Located in the city of Long Beach, California
  • Multifamily apartment building with three individual units
  • Priced at an asking amount of 599000 dollars
  • Asset occupies a strategic position in the 90805 zip code
  • Residential property suitable for diverse investment management strategies

What's Special

Long Beach serves as a critical economic and industrial hub within the Greater Los Angeles metropolitan area, supporting a dense population and a diverse commercial landscape. Situated at 350 E South, this multifamily apartment building consists of three distinct residential units. The property represents a manageable acquisition for investors looking to expand their footprint in a high-demand Southern California coastal market. Its residential layout provides consistent utility for tenants who require reliable housing near major regional transit corridors and employment centers. This asset type is well-suited for long-term rental income strategies or value-add repositioning efforts within the competitive Long Beach housing sector.

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NOI
$80,000
Cap Rate
13.36%
DSCR
2.25
Strong
Cash-on-Cash
24.73%
Monthly Payment
$2,963.525
Annual Cash Flow
$44,437.698

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