***Just reduced by $220,000***6.8% Cap Rate***SIX unit building just north of Downtown Long Beach. Property consists of a 4 bed 2 bath Craftsman single family home in front, and a rear building with 5 additional units (TWO 2bed 1 bath units, TWO 1 bed 1 bath units, and ONE non-conforming 2 bed 1 bath basement apartment). Amenities include on-site parking, on-site laundry for extra income, and an upstairs observation deck with 360-degree views of the San Gabriel Mountains, the Downtown skyline, and Palos Verdes Peninsula. All tenants are long-term multiple-year occupants on month-to-month rental contracts. These extremely well-performing units are all month to month with wonderful long-term tenants, a 6.8% Cap rate and tons of growth potential!
Property Type :
Residential Income
County :
Los Angeles
Style :
Residential Income
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| Unit No |
Unit Key |
Total Bath |
Total Bed |
Full Bath |
Half Bath |
| 1 |
1045852334 |
1 |
1 |
1 |
0 |
| 2 |
1045852334 |
1 |
1 |
1 |
0 |
| 3 |
1045852334 |
1 |
2 |
1 |
0 |
| 4 |
1045852334 |
1 |
2 |
1 |
0 |
| 5 |
1045852334 |
1 |
2 |
1 |
0 |
| 6 |
1045852334 |
2 |
4 |
2 |
0 |
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ByOwner last updated this listing 05/04/2024 @ 05:11
MLS: OC23184659
LISTED BY: Terry McCarty, Coldwell Banker Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.25%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
