Located in the heart of Retro Row, just a mile from Alamitos Beach, this beautifully maintained multi-unit property offers a 5.7% CAP rate on current rents. The property features (4) one-bedroom/one-bathroom units and (1) three-bedroom/two-bathroom house, providing a versatile mix of rental options. Recent upgrades include a brand-new roof (2024)… Read More and modernized interiors, ensuring long-term value and tenant appeal. Situated within walking distance to vintage shops, trendy cafes, and cultural attractions, this prime location offers high demand and strong rental income potential. Don't miss this exceptional investment opportunity. Read Less
Property listed by Morgan Skenderian, Rick Applebaum [email protected]
Listing Snapshot
Days Online
39
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1923
MLS Number
PW25052506
Additional Details
Building
Built in 1923, Building area total: 4,770, 2 buildings, Common walls: NoCommonWalls
Community
Biking, Curbs, DogPark, Park, Sidewalks
Cooling
WallWindowUnits
Expenses
Fuel expense: $474, Gardener expense: $2,400, Insurance expense: $5,407, Maintenance expense: $5,324, New taxes expense: $21,617, Operating expense: $39,991, Trash expense: $1,351, Water sewer expense: $1,196, Other expense: $2,222
Garage
1 space
Income
Gross income: $137,215, Net operating income: $93,108
Laundry
WasherHookup, GasDryerHookup
Lot
0.1687 acres, 7,347 square feet, Size: 7,347
Parking
3 open parking spaces, 4 totals parking, Driveway, Garage
Pool
None
Property
Zoning: LBCNR
Sewer
PublicSewer
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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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