414 E 61st

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414 E 61st

Long Beach, CA 90805
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).

  • Multifamily apartment building available for purchase in Long Beach
  • Total building footprint comprises five individual residential units
  • Asset located within the 90805 zip code of California
  • Property situated in a densely populated Southern California market
  • Investment opportunity suitable for local and regional residential portfolios

What's Special

Long Beach serves as a major economic hub within Southern California, supported by a dense population and proximity to the region’s primary transportation infrastructure. This five-unit apartment building located at 414 E 61st benefits from its positioning within this established coastal market. The asset provides a residential housing option in a densely populated urban environment that consistently maintains demand for rental inventory. Investors looking to acquire multifamily assets in the Greater Los Angeles area will find this property serves as a stable addition to a portfolio focused on infill residential opportunities. The layout and unit count allow for efficient management in an area where long-term tenancy remains common. Proximity to local thoroughfares facilitates access to the wider metro area, connecting residents to significant employment centers across the South Bay and beyond. The property functions as a straightforward investment vehicle for those targeting the Southern California multi-family sector.

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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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