520 E Adams Street, Long Beach, CA 90805 - MLS#PW25079143

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$4,695,000

Est. payment - /mo

3 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW25079143

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

**Excellent Unit Mix of 1 & 2-Bedroom Units** **Priced at $184,615/Unit & $273/SF** **10.42 GRM & 6.5% Cap Rate on Current Income** **7.94 GRM & 9.4% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** **Ideal Rental Location on Residential Street in North Long Beach** ----520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room. --------Also for sale are neighboring properties of 540 Adams, 555 Adams, 560 Adams & 541 E. 64th Street

Location

State CA

County Los Angeles

Zoning Assessor

Direction South of Artesia Blvd and West of Atlantic Ave

Interior

Fireplace No

Exterior

Pool Below Ground, Private

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7115028010

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Listed by Doug Rodermund Morgan Skenderian

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

520 E Adams Street Long Beach, CA 90805

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION