REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour

$1,995,000
Est. payment /mo
4 Beds
4 Baths
6,691 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26242091
Bedrooms 4
Lot Size 6,691 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Amazing 7.4% in-place yield plus a 10% upside to an 8.4% cap rate at market! 1953-built, 10-unit property in a dense, high-demand rental area of Long Beach. 8.9X GRM on current rents and 8.1X GRM at market for postwar units under $200K/door. Strong unit mix: (8) 1 bed / 1 bath and (2) 2 bed / 1 bath units. 4 of 10 units just remodeled with new flooring, lighting, kitchens and bathrooms. Community laundry room plus 4 garages for added income or ADU conversion potential. All units separately metered for gas and electricity. Directly across from Washington Middle School, currently undergoing a $176 million reconstruction. Just a few blocks to the Metro Blue Line rail station, PCH and the 710 Freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (Costar).
Location
State CA
County Los Angeles
Zoning Public Rec
Direction West side of Cedar, North of Anaheim.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7269041021
Read Less Info

Listed by Anthony Walker, DRE#01908153 Buckingham Investments, Inc
Co-listed byJosh Ess • Buckingham Investments, Inc
Co-listed byJosh Ess • Buckingham Investments, Inc
Nearby School & Business
Get More Information

Quick Search
- Homes For Sale in San Francisco, CA
- Homes For Sale in Daly City, CA
- Homes For Sale in San Jose, CA
- Homes For Sale in Redwood City, CA
- Homes For Sale in Alameda, CA
- Homes For Sale in Oakland, CA
- Homes For Sale in Richmond, CA
- Homes For Sale in San Ramon, CA
- Homes For Sale in Vallejo, CA
- Homes For Sale in Benicia, CA
- Homes For Sale in Fairfield, CA
- Homes For Sale in Palo Alto, CA
- Homes For Sale in Fremont, CA
- Homes For Sale in Livermore, CA
- Homes For in Hayward, CA
- Homes For Sale in Dublin, CA
- Homes For Sale in Berkeley, CA
- Homes For Sale in Concord, CA
- Homes For Sale in Santa Clara, CA
- Homes For Sale in Hercules, CA
- Homes For Sale in Atherton, CA
- Homes For Sale in Pleasanton, CA
- Homes For Sale in San Leandro, CA
- Homes For Sale in Vacaville, CA
- Homes For Sale in Mill Valley, CA
- Homes For Sale in Davis, CA
- Homes For Sale in Tiburon, CA
- Homes For Sale in Sausalito, CA
- Homes For Sale in San Rafael, CA
- Homes For Sale in Novato, CA
- Homes For Sale in Corte Madera, CA
- Homes For Sale in Larkspur, CA
- Homes For Sale in San Ramon, CA
- Homes For Sale in Antioch, CA
- Homes For Sale in Danville, CA
- Homes For Sale in Brentwood, CA
- Homes For Sale in Pleasant Hill, CA
- Homes For Sale in Lafayette, CA
- Homes For Sale in Orinda, CA
- Homes For Sale in El Cerrito, CA
- Homes For Sale in San Pablo, CA
- Homes For Sale in Alamo, CA
- Homes For Sale in Moraga, CA
- Homes For Sale in El Sobrante, CA
- Homes For Sale in Albany, CA
- Homes For Sale in Burlingame, CA
- Homes For Sale in Foster City, CA
- Homes For Sale in San Carlos, CA
- Homes For Sale in South San Francisco, CA
- Homes For Sale in Los Angeles, CA
- Homes For Sale in San Diego, CA
- Homes For Sale in Pasadena, CA
- Homes For Sale in Modesto, CA




