PRICED TO SELL. 8.5 GRM AND 7.3% CAP WITH UPSIDE TO A 8.1 GRM AND 7.9% CAP. 11 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (you can increase 8.0% this year). The… Read More property is professionally managed and well-maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. Electrical updated in the past 3 years. Qualified Buyers can put as little as 25% down and earn over a 13% cash on cash return against in-place rents. Read Less
Courtesy of The Agency 424-230-3700
Listing Snapshot
Days Online
126
Last Updated
Property Type
Other
Beds
4
Square Ft.
4,944
Lot Size
0.13 Acres
Year Built
1922
MLS Number
26640863
30 Days Snapshot Of 90813
$1.13M
0%
(avg) sold price
32
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
4,944 sq ft, Built in 1922, Levels: Multi/Split
Cooling
None
Disclosures
None
Garage
None
Heating
Wall
Lot
LotAcreage: 0.1309, LotSizeArea: 5,700
Parking
TotalParking: 0
Property
NumberOfUnits: 11, Zoning: LBR2N
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