Est. cap rate

3.4%

Assumed rent, all units

$9,120/mo

Units

3

Price per unit

$531,667

Est. annual NOI

$54,720

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,538 sqft

Lot size

5,303 sqft

Year built

1949

Stories

2

Garage spaces

4

Pool

None

Status

ComingSoon

Days on market

0

MLS #

248898126

About this property

Rarely do you find an investment opportunity in Long Beach that offers this much versatility and such an incredible abundance of parking. Located at 219 Siena Drive, this unique triplex is a dream for any savvy investor or someone looking for a multi-unit property that truly checks every box. The property consists of three distinct units, each designed with attention to detail and very nicely presented. The layout features a spacious 2-bedroom unit, a flexible 1.5-bedroom unit, and a cozy 1-bedroom unit. Whether you’re looking to maximize rental income or live in one while leasing the others, the configuration provides endless possibilities. On site laundry, newer water heaters, updated plumbing and electrical. 4 seperate meters! What truly sets this property apart is the massive parking capacity—a total rarity for the area. You’ll find two separate 2-car garages, a dedicated workshop for projects or extra storage, and additional outdoor parking for four more vehicles. With space for nine cars in total, the logistical headache of parking is completely eliminated, making these units even more attractive to potential tenants. This is a standout rental opportunity in a sought-after location. With its flexible living arrangements and unparalleled parking, 219 Siena Drive is ready to be a powerhouse addition to your portfolio.

Location

219 Siena Drive

Long Beach, Los Angeles, CA, 90803