1071 N Almond Court
Long Beach, CA 90813
8
Bed
5
Bath
4,257Sqft(Lot)
We are pleased to present 1071 N Almond Ct, a five-unit apartment building and multi-layered value-add opportunity in a strong Long Beach infill location. The building is 3,221 SF, sits on a 4,257 SF lot, and benefits from a strong unit mix of (3) 2 Bed/1 Bath and (2) 1 Bed/1 Bath units. At $177,600/unit and $275.69/SF — both well below comp averages — the offering represents an attractive entry basis in a tightly held submarket. At a 3.5% CAP rate and 15.8 GRM on current in-place rents, this offering carries roughly 125% in rent upside, which would impute a 10.1% Market CAP and 7.0 Market GRM on stabilized market rents. Four units are occupied at rents well below market; the rear unit will be delivered vacant and requires full renovation. Further, the building benefits from efficient lot
Property Details
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Map
What's Nearby
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Features
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Building Information
Year Built: 1928Building Area Total: 3221Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 4257 Lot Size Acres: 0.0977 Lot Size Source: Assessor Lot Size Square Feet: 4,257 Lot Description: ZeroToOneUnitAcreProperty Information
Subdivision: Alamitos Beach (AB) Source Property Type: ResidentialIncome Property SubType: Apartment Levels: Two Property Age: 98
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Listing Price Information
Listing Price: $888000Cash, Exchange1031
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Tax Information
Parcel Number: 7267007017 Tax Lot: 9
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Parking Information
Parking Total: 2Garage Information
Has Garage: Yes Garage Space: 2
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Location Information
Direction: Major cross streets: 11th & Orange Ave WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1083 Gaviota Avenue, Long Beach, CA, 90813 | $2,348,000 | 18 | 10 | -- | 6,114 Sqft |
| 753 Cerritos Avenue, Long Beach, CA, 90813 | $2,900,000 | 18 | 18 | -- | 7,338 Sqft |
| 1071 Olive, Long Beach, CA, 90813 | $1,450,000 | 12 | 6 | -- | 6,517 Sqft |
| 1136 Linden Avenue, Long Beach, CA, 90813 | $1,630,000 | 3 | -- | -- | 7,273 Sqft |
| 1425 Cedar Avenue, Long Beach, CA, 90813 | $2,045,000 | 3 | 2 | -- | 0.15 Acre |
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ByOwner last updated this listing 09/11/2026 @ 16:45
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