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421 E 8th St, Long Beach

  • Large duplex just north of Downtown Long Beach
  • Both units have been very well maintained and much of their historical character has been preserved
  • Detached units with no shared walls
  • Both units can be delivered vacant allowing a new owner to move in or rent units at market price
  • Low maintenance building with separately metered gas and electric
  • Front house features 4 beds/2 baths plus an office and large attic for storage
  • Fresh exterior paint
  • Perfect for an investor or owner occupant

Property Details

  • Units: 2
  • Gross Rent Multiplier: 13.6
  • Cap Rate: 4.5
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Price

$799,000

Annual Income

$58,740

Annual NOI

$36,182

Annual Expense

$20,796

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
142$$0$3,500$3,500
111$$0$1,395$1,395
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
253$0$4,895

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