$1,800,000
Priced to sell at only $163k per door. This 11-unit building is located in the East Village Arts District of Long Beach. Priced with very high in-place cash flow at close with actual rents resulting in an 9.52X GRM and 6.8% cap rate. Low maintenance building with very little gardening required. This property is located only 3 blocks from the beach and within walking distance to shopping centers, medical facilities, grocery stores, and dining. Don't miss out on this incredible opportunity! Offering memorandum in supplemental materials. One unit is currently vacant.
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Listed by Malcolm Zeger with Buckingham Investments, Inc (310) 982-7055
Property Type
Apartment
Status
Active
MLS Number
SB26098575
Year Built
1923
Lot Size
3,751 sq ft