Est. mensual: $7,697 Recalcular
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Multifamiliar (2-4 unidades)Número de MLS: #SB24164233
Price just reduced!! Just short of a 6 Cap rate now. This totally remodeled turnkey 8 unit Spanish Style property is in a high demand rental area of Long Beach just South of PCH. Great unit mix with (4) 2 Bed 1 Bath units and (4) 1 Bed 1 Bath units, and 100% of the unit interiors have been upgraded including cabinets, counters, flooring, paint, lighting, and bathrooms. One double garage and (3) single garages with additional storage create a great opportunity for a future ADU build. There is an attractive garden courtyard area for tenants' enjoyment, creating peaceful entries and common areas. Conveniently located for tenants at just 1 mile to the beach, 1 miles to the 405, and just over 2 miles to the 110. An onsite laundry room exists with hookups, but no machines or leases are in place. (4) of the units include in unit laundry. Major electrical panel upgrades were completed in 2021. Building is retrofitted and anchor bolted for earthquakes. Priced at a competitive GRM in the high 10's (10.96) and a Cap Rate just shy of 6% (5.8%), with strong yield allowing good leverage (~65% LTV) with interest only loans available at 5.8%.Características de la propiedad
Antigüedad: | Más de 50 años de antigüedad |
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Amenidades: | Puerto |
Estilo arquitectónico: | Otro |
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Escuela primaria
NIETO HERRERA ELEMENTARY SCHOOL
0.5
MillasVer detalle
Escuela secundaria (ciclo básico)
JEFFERSON LEADERSHIP ACADEMIES
1.4
MillasVer detalle
Escuela secundaria (ciclo superior)
WILSON HIGH SCHOOL
1.7
MillasVer detalle
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
John G. Whittier Elementary School | 0.3 mi | Public | KG-5 | C |
Jessie E. Nelson Academy | 0.3 mi | Public | 6-8 | C |
Huntington Academy | 0.4 mi | Private | KG-5 | |
Alvarado Elementary School | 0.5 mi | Public | KG-5 | A- |
Signal Hill Elementary School | 0.8 mi | Public | KG-5 | B |
Lincoln Elementary School | 0.8 mi | Public | KG-5 | B- |
Clear Passage Educational Center | 0.8 mi | Public | 9-12 | F |
Oaktree Preschool | 0.9 mi | Private | PK-TKG | |
Willard Elementary School | 0.9 mi | Public | KG-5 | C |
Richard D. Browning High School | 0.9 mi | Public | 9-12 | C- |
Polytechnic High School | 0.9 mi | Public | 9-12 | B- |
Roosevelt Elementary School | 1.1 mi | Public | KG-5 | B |
Burbank Elementary School | 1.1 mi | Public | KG-5 | B- |
Franklin Classical Middle School | 1.2 mi | Public | 6-8 | C- |
Smith Elementary School | 1.2 mi | Public | KG-5 | C- |
St Anthony High School | 1.3 mi | Private | 9-12 | |
Intellectual Virtues Academy | 1.3 mi | Public | 9-12 | B- |
We The People High School | 1.3 mi | Public | 9-12 | |
Bryant Elementary School | 1.3 mi | Public | KG-5 | B+ |