Great turnkey investment opportunity in a high-demand Long Beach rental market offered at a 5.6% cap rate! This fully stabilized 6-unit multifamily asset features a strong mix of four 1-bed and two 2-bed units, all completely updated within the past year and performing at maximum market rents. Perfect for investors… Read More seeking immediate cash flow with minimal deferred maintenance. Completely updated electrical system rewired within the past year, reducing future CapEx risk. The property features a gated rear parking lot offering 8 dedicated spots and a 1:1 tenant-to-parking ratio. Easy freeway access just minutes from the 710, 405, and 605 freeways, the A Line Metro, and major employment hubs. Steps to the vibrant Anaheim Corridor and Cambodia Town dining, and blocks from the beach, walking paths, and ocean views. Read Less
Property listed by Buckingham Investments, Inc., Tyson Storr 310-259-7556
Listing Snapshot
Days Online
17
Last Updated
Property Type
MixedUse
Lot Size
0.15 Acres
Year Built
1922
MLS Number
IN26149247
Additional Details
Building
Built in 1922, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: Front
Community
Sidewalks, Urban
Expenses
Insurance: $9,595, Operating: $51,563
Income
Gross ScheduledIncome: $153,600, Net Operating Income: $97,429
Laundry
None
Lot
0.1461 acres, ZeroToOneUnitAcre
Parking
8 open parking spaces, 8 total parking spaces, Gated
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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