Multi-Family
919 Alamitos Avenue
Property Snapshot
Address
919 Alamitos Avenue
Long Beach, CA 90813
Long Beach, CA 90813
Purchase Price
$4,100,000.00
Number of Units
18
% Increase in Rents
Since Closing
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%.