$100K PRICE REDUCTION - SELLER IS MOTIVATED. PRICED TO SELL - ONLY $241/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 10.8 GRM on current rents with… Read More upside to 8.9 GRM and 7.4% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front - possible ADU conversion - buyer to verify. Each unit also features it's own private balcony space. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM. Read Less
Property listed by The Agency, Jonathan Swire 424-230-3700
Listing Snapshot
Days Online
39
Last Updated
Property Type
Other
Beds
16
Square Ft.
11,626
Lot Size
0.3 Acres
Year Built
1963
MLS Number
25493741
Additional Details
Building
Built in 1963, Building area total: 11,626, Levels: Two, Living area: 11626, 2 stories, 2 buildings
Cooling
None
Garage
6 spaces
Heating
WallFurnace
Income
Gross income: $250,000, Net operating income: $150,000
Lot
0.2975 acres, 12,958 square feet, Size: 12,958
Parking
3 open parking spaces, 9 totals parking, Assigned
Property
Zoning: LBPD29
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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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