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183 E Pleasant St, Long Beach

  • Perfect starter duplex – two 1 bed, 1 bath units with a 2 car attached garage
  • Onsite laundry room between units
  • Only 2 blocks North of Bixby Knolls
  • New roof installed in 2017
  • Granite counters in kitchens
  • 9% upside for future cash flow
  • Super low expense building with no landscaping to water
  • One block from Dooley Elementary School and national retailers

Property Details

  • Units: 2
  • Gross Rent Multiplier: 16.08
  • Cap Rate: 3.5%
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Price

$549,000

Annual Income

$32,940

Annual NOI

$19,391

Annual Expense

$13,102

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
111$1,350$1,350$1,395$1,395
111$1,320$1,320$1,395$1,395
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
222$2,670$2,790

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