5 Units With In-Place rents at 12.5X Gross

  • Stabilized property with in-place rents at 12.5X gross, actual cap rate of 5.1%
  • Located just North of Alamitos Beach, only 1 mile to the ocean, close to Downtown Long Beach
  • Rare unit mix with two 4 bedroom units and three 3 bedroom units
  • Two parking spaces per unit for a total of 10 spaces in an extremely parking impacted area
  • 3 out of 5 units extensively renovated with updated kitchens, quartz counters, vinyl plank flooring, and remodeled bathrooms
  • 4 out of 5 units were built in the 1980's, allowing a low maintenance asset
  • Freshly painted exterior
  • Clean, professionally managed building with no deferred maintenance
  • Dense rental market with low vacancy and strong income
  • High actual income allows for maximum leverage
Status: 
Active
Price: 
$1,325,000
Units: 
5
Annual Income: 
$105,600
Vacancy Rate: 
5%
Annual Expenses: 
$33,195
Annual NOI: 
$67,126
# of Units# of Bedrooms# of BathsUnit FurnishedGarageActual RentTotal RentPro Forma
141N185018502000
131N175017501750
141N181018101850
231N169533901750
Display on active list and featured list: