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$ 2,675,000
$ 2,999,999 10.8%
Est. payment | /mo
5 Beds
5 Baths
8,514 Sqft Lot
$ 2,675,000
$ 2,999,999 10.8%
Est. payment | /mo
5 Beds
5 Baths
8,514 Sqft Lot
Key Details
Sold Price $2,675,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID DW26165133
Bedrooms 5
Lot Size 8,514 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
$20k/month with One 2 bed 2 bath unit is vacant!! Actual Rents bring the building to 6% cap rate with the vacant unit. If vacant unit is rented at $2,500/month, cap rate jumps to 7%. Opportunity to own a well-maintained 12-unit income property located in the desirable city of Long Beach. This property features an excellent unit mix consisting of eight 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units, offering strong rental appeal and long-term investment potential. The spacious unit layouts provide desirable living arrangements for tenants, with a mix that appeals to a wide range of renters. Conveniently located near shopping, dining, entertainment, public transportation, and major freeways, this property offers accessibility and convenience for residents. An excellent opportunity for investors seeking a multifamily asset in a highly sought-after Long Beach rental market.
Location
State CA
County Los Angeles
Zoning Assessor
Exterior
View Y/N No
Building
Story 3
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by Jeanet Salazar, DRE#01473287 J A T S Enterprises, Inc.
Bought with Cameron Samimi Lyon Stahl Investment Real Estate, Inc.
Bought with Cameron Samimi Lyon Stahl Investment Real Estate, Inc.
NEARBY SCHOOL & BUSINESS