1600 E 10th St, Long Beach 90813

Great proximity to Downtown Long Beach, less than a mile North of Alamitos Beach.  Excellent unit mix, about 15% Upside in rents to market GRM of 12.78, pro forma cap rate of 5%.  4 Garages plus 4 parking spaces for additional income. 3 structures spanning a large lot with great street frontage.  Separately metered for gas and electricity. Laundry room in each building for additional income. Dense rental market with low vacancy rate and strong income. Clean, professionally managed building with no deferred maintenance.

Status: 
Active
Price: 
$1,995,000
Units: 
8
Annual Income: 
$128,276
Vacancy Rate: 
5%
Annual Expenses: 
$46,867
Annual NOI: 
$81,409
# of Units# of Bedrooms# of BathsUnit FurnishedGarageActual RentTotal RentPro Forma
421140056006200
221130026003100
121132513251550
121125012501550
Parking4240400
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