520 East Adams Street 520 East Adams Street Long Beach, California 90805 United States
$4,800,000
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**Excellent Unit Mix of 1 & 2-Bedroom Units****Priced at $184,615/Unit & $273/SF****10.42 GRM & 6.5% Cap Rate on Current Income****7.94 GRM & 9.4% Cap Rate on Market Rents****Easy Upside in Rental Income for a New Owner****Ideal Rental Location...
- 2,469 m²
- Exterior
- Residential Income
- Property type
- 1959
- Year Built
- PW25079143
- Web Id
- PW25079143
- MLS ID
- 15
- days ago
About 520 East Adams Street
**Excellent Unit Mix of 1 & 2-Bedroom Units****Priced at $184,615/Unit & $273/SF****10.42 GRM & 6.5% Cap Rate on Current Income****7.94 GRM & 9.4% Cap Rate on Market Rents****Easy Upside in Rental Income for a New Owner****Ideal Rental Location on Residential Street in North Long Beach**----520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room.--------Also for sale are neighboring properties of 540 Adams, 555 Adams, 560 Adams & 541 E. 64th Street
Listing Courtesy of Morgan Skenderian, Email/Phone : dsr@morganskenderian.com
Listing Courtesy of Morgan Skenderian, Email/Phone : dsr@morganskenderian.com
Amenities
- Private Pool
- Outdoor Pool
features
- Parking
- Car Port
- Community
- Sidewalks
PROPERTY INFORMATION
- Community Info
- Curbs, Gutters, Sidewalks
- Garage Info
- 0
- Pool
- Fenced, InGround, Private
- Sewer
- PublicSewer
- Water
- Public
ADDITIONAL INFORMATION
- Number of Units
- 26
Listing Courtesy of Morgan Skenderian, Email/Phone : dsr@morganskenderian.com
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Average Price
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