fbpx Skip to main content
search
← Back to Property Listings
Sold

3-Unit on 67th St, Long Beach

Recently Closed!

Happy to announce that Cody Charnell’s client just closed escrow on this well-maintained triplex in North Long Beach. The property consists of a detached 2bed/2bath house in the front and two cottages in the rear featuring 1bed/1bath and a studio. We were able to beat two other offers and complete the purchase using low many down FHA financing.

Unit                    Current                Market
2bd/2ba                $2000                   $2100
1bd/1ba                $1100                   $1350
Studio                   $900                     $1100
Garage (2)                                         $100      
Total                     $4000                    $4650

Current GRM:  13.04
Market GRM:   11.2

Property Details

  • Units: 3
  • Gross Rent Multiplier: 13.04
  • Cap Rate: 4.4%
Contact Listing Agent

Price

$626,000

Annual Income

$49,200

Annual NOI

$31,980

Annual Expense

$17,220

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
122$2,000$2,000$2,100$2,100
111$1,100$1,100$1,350$1,350
101$900$900$1,100$1,100
$$0$100$0
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
334$4,000$4,550

Let’s Discuss This Property

Please fill out the form below and we’ll get back to you as soon as we can.

This field is for validation purposes and should be left unchanged.

Leave a Reply

Close Menu