4622 E Cervato

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4622 E Cervato

Long Beach, CA 90815
Asking Price
$1.79M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily residential building located in Long Beach.
  • Property consists of six individual apartment units.
  • Current asking price set at 1,795,000 dollars.
  • Located within the established 90815 postal code.
  • Situated in a high-demand Southern California submarket.

What's Special

This six-unit multifamily apartment building is available for purchase in the 90815 zip code of Long Beach, California. Positioned within a dense coastal Southern California market, the property benefits from the area's strong rental demand and proximity to major regional employment hubs. Long Beach continues to maintain a stable economic climate, driven by its diverse commercial base and robust infrastructure connecting the region to the broader Los Angeles metro area. Investors may find this asset suitable for long-term residential leasing strategies. The building provides a consistent housing option in an established neighborhood, catering to a steady demographic of local professionals and students seeking apartment living near urban amenities. With its specific configuration, the property serves as a functional addition to a private real estate portfolio focused on stable residential yield in a high-barrier-to-entry market.

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NOI
$80,000
Cap Rate
4.46%
DSCR
0.75
Underwater
Cash-on-Cash
-4.93%
Monthly Payment
$8,880.681
Annual Cash Flow
$-26,568.167

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