MultifamilyMitch

12/12/2025

Our team brought the 6-unit building at 14734 South Berendo Avenue, Gardena to market for the first time in 30 years, and following our marketing campaign, multiple offers, and expertly navigated negotiations, the property ultimately sold for $295,667 per unit, notable for a Gardena multifamily sale. The buyer is a local investor with roots in Gardena who liked this property for its rare offering of all 3-bedroom floor plans.

For more information on this sale or the local multifamily market, please contact Mitchel Cannata, who represented the buyer in the sale, at (424) 405-3830.

11/26/2025

Just closed! Our team represented the buyer in the successful acquisition of 4215 South Kansas Avenue, a 24-unit apartment building in South Los Angeles a half-mile from Expo Park. The building features mostly studios and is partially renovated. Our client’s offer was non-contingent day one; this investor owns another asset just down the street and has confidence in this high demand rental market. This property was acquired for $104,166 per unit at a going-in cap rate above 8%.

For more information on this sale or the local multifamily market, please contact Mitchel Cannata (424) 405-3830

10/31/2025

Looking for strong going-in cap rates in a strong rental market? Our listings at 228 and 248 East Artesia Boulevard in Long Beach are excellent acquisition opportunities. Offered at 6.23% and 6.69% current cap rates, both of these buildings feature mixes of 1- and 2-bedroom floor plans, on-site laundry, parking, and upside potential. Located six parcels apart, these assets are available for sale separately or together. For more information, please contact exclusive listing agent Mitchel Cannata at (424) 405-3830 or [email protected].

06/24/2025

Another closing in the books! Exclusive listing agents Mitchel Cannata expertly handled the sale of their client’s vacant 2-unit property at 920 West Elberon Avenue in San Pedro, CA. Marketing generated multiple offers, escrow was opened within two weeks of hitting the market, and the property ultimately closed for $1.2M, a whopping $305K above list price, to a buyer who closed all cash with a 15-day escrow.

For more information on this sale or the local multifamily market, please contact Mitchel at (424) 405-3830

05/30/2025

Just listed! 920 W Elberon Ave in San Pedro features two single-family homes on one lot, and both homes will be delivered vacant. Whether you’re an investor seeking strong rental potential or a homeowner looking to offset your mortgage with supplemental income, this property offers excellent value and flexibility! More highlights:
- Front home is a 1987 construction 3BD/2.5BA with laundry, a balcony, ample closet space and storage, and attached garages
- Rear home is a single-story 1924 construction 1BD/1BA with an outdoor patio and laundry hookups in one of the garages
- Potential to convert the garages to ADU’s and/or convert the front home to two units (buyer to verify)
- Located on a quiet residential street in Northwest San Pedro walkable to parks and conveniently near retail along Western Avenue

For more information, please contact exclusive listing agent Mitchel Cannata (424) 405-3830

03/27/2025

Just closed! We’re pleased to announce the sale of 1880 Cedar Avenue in Long Beach, California. Sale highlights include:
- 1031 Exchange upleg acquisition of a 10-unit apartment building in Long Beach’s Wrigley neighborhood
- Buyer had a 10-day DD period and obtained attractive financing through Marcus & Millichap Capital Corp.
- Acquired at a 6.02% cap rate on current rents with significant upside
- We represented the buyer, a repeat client, in this transaction

For more information on this sale or the Long Beach multifamily market, please contact Mitchel Cannata at (424) 405-3830.

03/18/2025

Just Listed! 248 East Artesia Boulevard is a 7-unit apartment building in North Long Beach offered at a 6.17% current cap rate. Listing highlights include:
- Mix of 5 2BD/1BA and 2 1BD/1BA units
- Upgrades include copper plumbing, newer water heater, and six partially upgraded units
- Property features five covered carports and on site laundry
- Located in North Long Beach approximate to the 91 and 710 freeways and one block to Starr King Elementary

For more information, please contact exclusive listing agent Mitchel Cannata at (424)405-3830 or [email protected]

03/07/2025

10/25/2024

Just listed! 4215 S. Kansas Ave. is a great opportunity to acquire a partially renovated multifamily investment property in a strong rental area near Los Angeles’ Expo Park. More listing highlights include:
- Attractive assumable financing available: 3.71% fixed rate until May 2030
- Mix of 23 Studios and 1 1BD/1BA Unit
- 2/3’s of Units have been renovated
- 27% Rental upside

For more information, contact me at (424) 405-3830 or [email protected]

05/10/2024

Just Closed! Our listing at 1752 Cherry Avenue in Eastside Long Beach has sold to an all-cash buyer for $1,025,000. The property offers a 3-bed/2-bath house, 2 additional 3-bedroom units, a studio, and a non-conforming studio. The asset was delivered 40% vacant, offering the new investor an excellent value-add opportunity. We represented both the seller and buyer in this transaction. For more information, please contact exclusive listing agent Mitchel Cannata at (424) 405-3830 or [email protected].

03/18/2024

Just listed! 1752 Cherry Avenue in Long Beach is offered for $1,200,000. Listing highlights:
- Property offers a strong mix of one three-bed/two-bath house, two additional three-bedroom units, and two studios (one studio is non-conforming)
- Value-add opportunity with 45 percent rental upside and two units currently vacant
- 8,500-SF lot is gated and offers four surface parking spaces and one single-car garage
- Located in Eastside Long Beach within 10 minutes of the 405 and 710 freeways and Cal State Long Beach
For more information, please contact me at (424) 405-3830 or [email protected].