500 Saint Louis Ave, Long Beach 90814
- Great unit mix of SIX 1 Bed/1 Bath Units plus 3 large garages
- 4 out of 6 units recently upgraded
- Potential to add 2 ADUs above garages
- Stabilized property with great cash flow
- Only half a block to Retro Row
- Only a few blocks from major Long Beach developments and Alamitos Beach
- Listed at solid 13.96 GRM, 4.3% Cap Rate
sold
PRICE
$1,500,000
ANNUAL INCOME
$102,231
ANNUAL NOI
$65,140
ANNUAL EXPENSE
$37,091
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 1 | 1 | $1,425 | $1,425 | $1,550 | $1,550 |
| 1 | 1 | 1 | $1,495 | $1,495 | $1,550 | $1,550 |
| 1 | 1 | 1 | $1,475 | $1,475 | $1,550 | $1,550 |
| 1 | 1 | 1 | $1,470 | $1,470 | $1,550 | $1,550 |
| 1 | 1 | 1 | $1,395 | $1,395 | $1,550 | $1,550 |
| 1 | 1 | 1 | $1,395 | $1,395 | $1,550 | $1,550 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 6 | 6 | 6 | $8,655 | $9,300 |
