Active
$2,200,000
3%
12 Units
12 Beds
12 Baths
6,402 Area(sq.ft.)
Lot: 6,772 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 12 | 1 | 1 | No | $ 1,595 | $ 1,595 | $ 1,695 |
| 12 | 12 | 12 | $ 19,140 | $ 19,140 | $ 20,340 |
| MLS #: | 25543757 |
| Days On Market: | 192 |
| Listing Date: | May 27, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 344 |
| Price per unit: | $ 183,333 |
| Year Built: | 1948 |
Property Details
PRICED TO SELL. 9.4 GRM AND 7.1% CAP against in-place rents with upside to 9.0 GRM. 12 units (all 1+1's) located blocks from downtown Long Beach. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior and all interiors were updated in 2019. No onsite parking. There is an on-site laundry room that is currently not being used. Qualified Buyers can put as little as 30% down. Loan quote provided by David Guevara. Momenta Capital Group. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 225,000 |
| Total Annual Expense: | $ 71,000 |
| Net Operating Income: | $ 150,000 |
| Gross Annual Income: | $ 227,000 |
| Cap Rate: | 7.1% |
| Gross Rent Multiplier: | 9.40 |
Structure
| Type of Units: | Income |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | LBR4N |
| Parking Garage: | None |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | Wall |
Exterior
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Income
