Active
$2,749,000
2%
8 Units
14 Beds
10 Baths
8,945 Area(sq.ft.)
Lot: 7,506 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | 1 | 1 | No | $ 1,850 | $ 1,850 | $ 1,850 |
| Unit 2 | 4 | 2 | 1 | No | $ 2,200 | $ 2,200 | $ 2,200 |
| 10 | 14 | 10 | $ 19,900 | $ 19,900 | $ 19,900 |
| MLS #: | 25491925 |
| Days On Market: | 310 |
| Listing Date: | January 30, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 307 |
| Price per unit: | $ 343,625 |
| Year Built: | 1929 |
Property Details
PRICED REDUCED AND READY TO SELL. 10 units located blocks from Downtown Long Beach where over $8BB in Redevelopment is happening. Subject to AB 1482 Rent Control (5% + CPI increases). 3 structures on a the lot. All units have been heavily remodeled with new kitchens, baths, flooring and W/D's. 10.9 GRM and 6.0% CAP and only $307/SF. Property has new windows, landscaping, lighting and garage doors and is professionally managed. Electrical was redone in 2020. All units have W/D's in them. 4 garages with additional parking for 4 cars outside. Garages are leased for $675/month total. 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: | $ 250,000 |
| Total Annual Expense: | $ 78,000 |
| Net Operating Income: | $ 165,000 |
| Gross Annual Income: | $ 250,000 |
| Cap Rate: | 6% |
| Gross Rent Multiplier: | 10.90 |
Structure
| Type of Units: | Income |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | LBPD10 |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | Wall |
Exterior
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