Multi-Family

933 Alamitos Avenue

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Property Snapshot

Address
933 Alamitos Ave.
Long Beach, CA 90813
Purchase Price
$2,950,000.00
Number of Units
12
Projected IRR
15.37%

The property was built in 1945, andis in close proximity tothe Downtown Long Beach area where there has been a tremendous amount of population and employment growth. It has a total of 12 units all of which are Two Bed + One Bath, along with a gated entry and on-site laundry.

Once the rehab is complete, the property will have

  • New paint throughout
  • New front doors on rehabbed units
  • New house numbers
  • New front door keyless entry/handles/hardware on rehabbed units LED flood lights
  • New wood cladding on perimeter gate
  • New landscaping
  • New tenant mailbox system

    • We have completed rehab on the exterior and 2 of the 12 interior units. Of the 2 units that have completed rehab, we have re-leased them at rents 33% greater than previously in place.