PRICED REDUCED AND READY TO SELL. 9.5 GRM on current rents with upside to 9 GRM and 7.3% CAP. 7 units in Long Beach NOT subject to local rent control - AB 1482 Only (5% + CPI max increase). All units are 2+1's. 4 garages in the front - potential… Read More ADU opportunity - Buyer to verify. Property is professionally managed and well-maintained. Laminate flooring, updated kitchens. On-site laundry as well. Seller just spent over $20K updating unit 7 - new cabinets, flooring, etc. EARN OVER A 9% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Qualified Buyers can put as little as 25% down. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM. Read Less
Listing Snapshot
Days Online
215
Last Updated
Beds
14
Square Ft.
5,283
Lot Size
0.13 Acres
Year Built
1963
MLS Number
25525531
Additional Details
Building
Built in 1963, Living area: 5283.0, 1 building, Levels: Two
Cooling
None
Garage
4 spaces
Heating
WallFurnace
Income
Gross Income: $158,000, Net Operating Income: $97,000
Lot
0.1297 acres
Parking
4 total parking spaces, Assigned
Taxes
Parcel Number: 7317003004, Zoning: LBR1N
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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