Est. mensual: $7,361 Recalcular
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Multifamiliar (2-4 unidades)Número de MLS: #SB24215096
10-Unit Property in the Densely Populated North East Village NeighborhoodThis 10-unit property is located in the highly desirable North East Village neighborhood. Priced at $208K per unit, it is fully stabilized, operating with a 10.60 gross rent multiplier (GRM) and a 6% capitalization rate based on current rental income. The unit mix consists of 7 studios, 2 one-bedroom units, and 1 two-bedroom unit. At market rental income, the GRM improves to 9.79, and the cap rate rises to 6.5%.
All units have been remodeled, and both the roof and electrical panel were updated in 2024. The building is master-metered with a RUBS (Ratio Utility Billing System) in place, currently covering 60% of utility expenses. Additionally, an onsite coin-operated laundry room provides extra income and convenience for tenants.
Centrally located near St. Mary Medical Center, downtown Long Beach, the beach, and major freeways, this property offers excellent accessibility. It is a rare opportunity to acquire a turn-key asset at an attractive value.
Características de la propiedad
Antigüedad: | Más de 50 años de antigüedad |
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Amenidades: | Puerto |
Estilo arquitectónico: | Otro |
Pisos: | Vinílico |
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Escuela primaria
OROPEZA ELEMENTARY SCHOOL
0.5
MillasVer detalle
Escuela secundaria (ciclo básico)
FRANKLIN CLASSICAL MIDDLE SCHOOL
0.4
MillasVer detalle
Escuela secundaria (ciclo superior)
POLYTECHNIC HIGH SCHOOL
0.6
MillasVer detalle
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
St Anthony High School | 0.3 mi | Private | 9-12 | |
Montessori On Elm | 0.3 mi | Private | PK-4 | |
Lincoln Elementary School | 0.3 mi | Public | KG-5 | B- |
St Anthony Parish School | 0.3 mi | Private | PK-8 | |
Robert Louis Stevenson Elementary School | 0.4 mi | Public | KG-5 | C+ |
Clear Passage Educational Center | 0.4 mi | Public | 9-12 | F |
Renaissance High School For The Arts | 0.5 mi | Public | 9-12 | C+ |
First Baptist Church School | 0.6 mi | Private | KG-12 | |
Roosevelt Elementary School | 0.6 mi | Public | KG-5 | B |
Huntington Academy | 0.7 mi | Private | KG-5 | |
We The People High School | 0.8 mi | Public | 9-12 | |
Intellectual Virtues Academy | 0.8 mi | Public | 9-12 | B- |
Washington Middle School | 0.9 mi | Public | 6-8 | D+ |
John G. Whittier Elementary School | 0.9 mi | Public | KG-5 | C |
Educational Partnership High School | 1.0 mi | Public | 9-12 | D |
Burbank Elementary School | 1.1 mi | Public | KG-5 | B- |
Edison Elementary School | 1.1 mi | Public | KG-5 | B- |