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1209 E 2nd St, Long Beach

Beautiful vintage charm property centrally located in the prime are of Alamitos Beach in the city of Long Beach. Compromised of four large one bedroom units the includes a refrigerator, stove and wall heater. Blocks from the ocean, restaurants, parks, coffee shops, metro and bus stops. Look no further and add this to your portfolio.

Property Details

  • Units: 4
  • Gross Rent Multiplier: 5%
  • Cap Rate:
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Price

$1,080,000

Annual Income

$51,664

Annual NOI

$27,657

Annual Expense

$14,735

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
411$4,425$17,700$4,960$19,840
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
411$17,700$19,840

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