Large 8 Unit Building in North Alamitos Beach

Excellent location in North Alamitos Beach: six blocks to the beach, adjacent to East Village Arts District, close to Retro Row
Directly across the street from Franklin Middle School
Clean, professionally managed building with no deferred maintenance
Excellent unit mix with 8 large two bedroom, one bathroom units
6 out of 8 units have been updated, with select units including renovated kitchens with granite counters, laminate floors, and remodeled bathrooms
4 garages plus a potential laundry room for additional income
18% upside in rents with minimal work needed
Dense rental market with low vacancy rate and strong income
Roof replaced in 2015

Status: 
Escrow
Price: 
$1,750,000
Units: 
8
Annual Income: 
$130,380
Vacancy Rate: 
2%
Annual Expenses: 
$44,836
Annual NOI: 
$79,205
# of Units# of Bedrooms# of BathsUnit FurnishedGarageActual RentTotal RentPro Forma
821n1321105651500
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