PRICED TO SELL. Under 10X GRM with upside to a 7.3% CAP. 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… Read More 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. Read Less
Property listed by The Agency, Jonathan Swire 424-230-3700
Listing Snapshot
Days Online
6
Last Updated
Property Type
Other
Beds
12
Square Ft.
6,402
Lot Size
0.16 Acres
Year Built
1948
MLS Number
25543757
Additional Details
Building
Built in 1948, Building area total: 6,402, Levels: Two, Living area: 6402, 2 stories, 1 building
Cooling
None
Heating
WallFurnace
Income
Gross income: $227,000, Net operating income: $150,000
Lot
0.1555 acres, 6,772 square feet, Size: 6,772
Parking
None
Property
Zoning: LBR4N
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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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