Multi-Family

919 Alamitos Avenue

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Property Snapshot

Address
919 Alamitos Avenue
Long Beach, CA 90813
Purchase Price
$4,100,000.00
Number of Units
18
% Increase in Rents
Since Closing
72.29%
Projected IRR
13.80%

The property is in proximity to the Downtown Long Beach area where there has been a tremendous amount of population and employment growth. It has a total of 18 Two Bed + One Bath units and includes 29 surface parking spots along with a gated entry and on-site laundry. The property was built in 1986.

Purchased as a value-add opportunity, Cochise Capital repositioned the property and increased the rents by greater than 72%.