**Mix of Studio, 1 & 2-Bedroom Units** **Priced at $180,000/Unit & $282/SF** **7.89 GRM & 9.2% Cap Rate on Market Rents** **Excellent North Long Beach Location Across From Jordan High School & Houghton Park** **Pride of Ownership Property** ----560 E. Adams Street offers… Read More an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room. --------Also for sale are neighboring properties of 520 Adams, 540 Adams, 555 Adams & 541 E. 64th Street Read Less
Property listed by Morgan Skenderian, Doug Rodermund [email protected]
Listing Snapshot
Days Online
8
Last Updated
Property Type
Apartment
Lot Size
0.31 Acres
Year Built
1958
MLS Number
PW25079277
Additional Details
Building
Built in 1958, Building area total: 10,212, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Curbs, Gutters, Sidewalks
Expenses
Electric expense: $6,716, Fuel expense: $6,716, Gardener expense: $2,000, Insurance expense: $4,494, Maintenance expense: $5,333, New taxes expense: $39,975, Operating expense: $89,845, Pool expense: $3,215, Trash expense: $6,716, Water sewer expense: $6,716, Other expense: $1,000
Income
Gross income: $2,160, Net operating income: $159,030
Laundry
CommonArea
Lot
0.3141 acres, 13,683 square feet, Size: 13,683
Parking
16 carport spaces, 16 totals parking
Pool
Fenced, InGround, Private
Property
Zoning: LBR4R
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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