Sold
484 Almond Ave, Long Beach
- House plus two other units on a large lot only blocks to the beach, Retro Row, and Downtown Long Beach
- Rare Opportunity to own 3 units in Alamitos Beach for under $1M
- 5 off street parking spaces
- Quiet, tree-lined street
- All utilities billed to tenants for minimal expenses
- Roof recently replaced, $20k of foundation work done in front structure, sewer line partially replaced, some plumbing and electrical updates done
- All three units recently remodeled
- Strong income at 14X GRM
- Great unit mix in dense rental market with low vacancy
- Clean, professionally managed building with no deferred maintenance
Price
$995,000
Annual Income
$69,780
Annual NOI
$43,927
Annual Expense
$23,760
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 3 | 2 | $2,525 | $2,525 | $2,800 | $2,800 |
| 1 | 2 | 1 | $1,795 | $1,795 | $1,795 | $1,795 |
| 1 | 1 | 1 | $1,495 | $1,495 | $1,495 | $1,495 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 3 | 6 | 4 | $5,815 | $6,090 |
Let’s Discuss This Property
Please fill out the form below and we’ll get back to you as soon as we can.
