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$4,100,000
82 Days Online

4676 4686 N Banner Drive
Long Beach, CA 90807

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Tyler Leeson of Marcus & Millichap RE Invest

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562.896.2456
4676 4686 N Banner Drive4676 4686 N Banner Drive4676 4686 N Banner Drive4676 4686 N Banner Drive
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Mortgage Calculator

Monthly Payment (Est.)

$18,706
Calculator powered by Showcase IDX. Copyright ©2023 Information is deemed reliable but not guaranteed.

Banner Gardens Apartments is a 16-unit multifamily investment property located in Long Beach, CA. The property offers attractive assumable financing at 4.05% through November 2024. Banner Gardens Apartments contains an excellent mix of studio, one, and two-bedroom floor plans with amenities including a private patio and deck (select units), hardwood and tile flooring, garage and surface parking, on-site laundry, and security doors. Additionally, 9 of 16 units have been renovated with quartz countertops, recessed lighting, shaker-style cabinetry, and more. Long Beach’s strong rental metrics, including a 2021 vacancy rate of just 1.8 percent and year-over-year rent growth of 12.1 percent, are evidence of the substantial demand for rental units in the area. With current rents below market rates, Banner Gardens Apartments represents an attractive value-add opportunity for a new owner. Banner Gardens Apartments is situated in the desirable Bixby Knolls neighborhood of Long Beach, which primarily features single-family homes. Residents enjoy convenient access to everyday needs as well as a plethora of retail, dining, and entertainment options at the recently constructed Long Beach Exchange that is within 2 miles of the property. Banner Gardens Apartments is in close proximity to all levels of schooling including Barton Elementary School, Hughes Middle School, and Jordan High School. Additionally, the property benefits from its location within 1.90 miles of Interstates 710 and 405, connecting residents to employment hubs throughout Los Angeles and Orange Counties.

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Listing Snapshot
Price 
$4,100,000
Days Online 
82 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,300 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.34 Acres
Year Built 
1946
MLS Number 
OC22243593
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS
3 months agoListing first seen online
General Features
Parking Spaces 
10
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.34
Water 
Public
Property Sub Type 
Apartment
Garage Spaces 
4
Zoning 
LBR3S
Listing Conditions 
Standard
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Lot 
Street Level
Community Features
Community Features 
CurbsSidewalks
Senior Community 
No
MLS Area 
699 - Not Defined


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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