516 W 10th, Long Beach 90813
- Well-located 4 unit property just outside of Downtown Long Beach
- Major value add potential with a 20% upside on actual income
- Laundry hook-ups in units
- Separately metered for gas and electric
- Strong GRM on market rents of 13.2 GRM and 4.5% Cap Rate
- Attractive 30-year fixed residential financing available
- Dense rental market with low vacancy
sold
Download Offering Memorandum
PRICE
$1,125,000
ANNUAL INCOME
$71,988
ANNUAL NOI
$40,039
ANNUAL EXPENSE
$28,349
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 2 | 1 | $1,600 | $1,600 | $2,000 | $2,000 |
| 1 | 2 | 1 | $1,600 | $1,600 | $2,000 | $2,000 |
| 1 | 1 | 1 | $1,400 | $1,400 | $1,550 | $1,550 |
| 1 | 1 | 1 | $1,400 | $1,400 | $1,550 | $1,550 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 4 | 6 | 4 | $6,000 | $7,100 |
