PRICE REDUCED AND READY TO SELL. Priced at 9.5 GRM and a 7.0% CAP with upside to 8.3 GRM and a 8.4% CAP. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.8%). Located on the West Side blocks… Read More from Downtown Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree-lined street. The property is professionally managed and well-maintained. All units have their own private parking included, and most have a private outdoor patio. All have W/D hookups. All units have their own water heater. Rents have not been raised in over a year. A new owner can raise rents to market and achieve a 8.3 GRM and 8.4% CAP. Earn over a 15% cash-on-cash return at market rents. Qualified Buyers can put as little as 25% down. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM. Read Less
Courtesy of The Agency 424-230-3700
Listing Snapshot
Days Online
262
Last Updated
Property Type
Other
Beds
14
Square Ft.
6,395
Lot Size
0.22 Acres
Year Built
1936
MLS Number
25528237
30 Days Snapshot Of 90813
$392k
0%
(avg) sold price
0
-100%
homes sold
82
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
6,395 sq ft, Built in 1936, Levels: Two
Cooling
None
Disclosures
None
Garage
Assigned
Heating
Wall
Lot
LotAcreage: 0.2223, LotSizeArea: 9,685
Parking
TotalParking: 0
Property
NumberOfUnits: 9, Zoning: LBPD10
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