Property details
Propery Type:
Apartments
Address:
2516 E Anaheim St, Long Beach, California 90804
Offering Price:
$2,000,000
Units:
11
Cap Rate:
6.8%
Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us
Investment Highlights

The Weir Group is pleased to present our newest listing at 2516 E Anaheim St, an 11-unit garden-style apartment community located in the heart of Long Beach’s rapidly evolving Zaferia District. Offered at $181,000 per unit ($293 per square foot), this investment provides a compelling 6.8% CAP rate, 9.43 GRM, and an over 8% cash-on-cash return. The property features a desirable unit mix, with the majority consisting of spacious two-bedroom floorplans, and presents investors with an estimated ±39% future rental upside. Recent upgrades, including new electrical panels, provide a solid foundation for future value-add improvements. Positioned along a high-traffic corridor near local shops, restaurants, and transit options, 2516 E Anaheim St offers strong in-place income with significant long-term growth potential—a rare opportunity to acquire a well-located asset in a supply-constrained coastal market. For more information, please reach out to Cooper Tendoesschate.

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Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us

2516 E Anaheim St

Long Beach, CA
90804
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