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Prime East Village Arts District 445 E 3rd St Immeuble residentiel 22 lots 3 788 664 € (172 212 €/Lot) Taux de capitalisation 5,84 % Long Beach, CA 90802
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- All Units Renovated
- ~$530K in CapEx
- Prime East Village Arts District Commands Rental Premiums
- 1920's Character Building with Studios & One Bedrooms
- Opportunity to Increase Cash Flow with RUBS Implementation
- 6.82% Cap Rate / 9.12 GRM at Market
Résumé analytique
445 E. 3rd Street is a 22-unit multifamily asset located in Long Beach’s East Village Arts District, a dense, walkable submarket within Downtown that continues to attract a steady base of renters driven by proximity to employment, transit, and lifestyle amenities. The property consists of (14) studio units and (8) 1BD/1BA, providing an efficient unit mix aligned with prevailing demand in the area.
The seller has invested approximately $530,000 in capital improvements, including interior common areas (hallways, stairwells, keypads), unit interior renovations, new turf and landscaping on exteriors.
All unit interiors are completely renovated with designer fixtures and finishes. Approximately $18,200 has been invested per studio unit renovation and ~$19,200 invested per 1BD/1BA renovation.
445 E. 3rd Street is priced at a 5.84% cap rate and 10.10 GRM in place, with clear embedded upside. As rents move to market and RUBS is implemented, the property stabilizes at a 6.82% cap rate and 9.12 GRM—a 98-basis-point expansion in yield and nearly a full point of GRM compression. That equates to $43,298 of additional annual NOI, a 17% increase in cash flow at no change in basis.
The seller has invested approximately $530,000 in capital improvements, including interior common areas (hallways, stairwells, keypads), unit interior renovations, new turf and landscaping on exteriors.
All unit interiors are completely renovated with designer fixtures and finishes. Approximately $18,200 has been invested per studio unit renovation and ~$19,200 invested per 1BD/1BA renovation.
445 E. 3rd Street is priced at a 5.84% cap rate and 10.10 GRM in place, with clear embedded upside. As rents move to market and RUBS is implemented, the property stabilizes at a 6.82% cap rate and 9.12 GRM—a 98-basis-point expansion in yield and nearly a full point of GRM compression. That equates to $43,298 of additional annual NOI, a 17% increase in cash flow at no change in basis.
Informations sur l’immeuble
| Prix | 3 788 664 € | Style d’appartement | De faible hauteur |
| Prix par lot | 172 212 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,05 ha |
| Taux de capitalisation | 5,84 % | Surface de l’immeuble | 1 129 m² |
| Multiplicateur du loyer brut | 10.1 | Occupation moyenne | 100% |
| Nb de lots | 22 | Nb d’étages | 3 |
| Type de bien | Immeuble residentiel | Année de construction | 1922 |
| Sous-type de bien | Appartement | Zone de développement économique [USA] |
Oui
|
| Zonage | PD30, Long Beach | ||
| Prix | 3 788 664 € |
| Prix par lot | 172 212 € |
| Type de vente | Investissement |
| Taux de capitalisation | 5,84 % |
| Multiplicateur du loyer brut | 10.1 |
| Nb de lots | 22 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,05 ha |
| Surface de l’immeuble | 1 129 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 3 |
| Année de construction | 1922 |
| Zone de développement économique [USA] |
Oui |
| Zonage | PD30, Long Beach |
Caractéristiques
Caractéristiques du site
- Laverie
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| Studios | 14 | - | 44 |
| 1+1 | 8 | - | 51 |
1 1
Exceptionnellement praticable à pied
90/100
Moyennement adapté aux voitures
70/100
Transports en commun robustes
80/100
Moyennement praticable en vélo
70/100
Taxes foncières
| Numéro de parcelle | 7281-010-017 | Évaluation des aménagements | 1 385 349 € |
| Évaluation du terrain | 3 223 340 € | Évaluation totale | 4 608 689 € |
Taxes foncières
Numéro de parcelle
7281-010-017
Évaluation du terrain
3 223 340 €
Évaluation des aménagements
1 385 349 €
Évaluation totale
4 608 689 €
1 sur 18
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Prime East Village Arts District | 445 E 3rd St
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