7 bedroom house for sale
Long Beach CA 90813
- Property Type
- House
- Price
- $1,245,000
- Beds
- 7
- Baths
- 5
Overview
Cash Flow! This Five (5) Unit Complex is priced at an Actual 6.01% CAP Rate! Situated just 1.4 miles from the Beach, the building is also close to Downtown, Long Beach Poly and Retro Row. The Unit Mix is comprised of: Two (2) - 2 Bedroom / 1 Bath and Three (3) 1 Bedroom / 1 Bath Units, with gated carport and open parking. Furthermore, 60% of the units were renovated in the past year with upside still available via Rents, initiating a RUBS program, or the addition of ADU units in the Carport area. Since this building is not subject to any rent control beyond (AB 1482), the investment offers a solid return, with great potential for the future.
Details
- Beds: 7
- Baths: 5
- Price: $1,245,000
- Reference No.: 70111489
- Area: 2,886 sqft
Location
Long Beach CA 90813
7 bedroom house for saleRelated Properties
Disclaimer
2024-04-02, Viewed 0 times.
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-02, Viewed 0 times.
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