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516 W 10th St, Long Beach

  • 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

Property Details

  • Units: 4
  • Gross Rent Multiplier: 15.63
  • Cap Rate: 3.6

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Contact Listing Agent

Price

$1,125,000

Annual Income

$71,988

Annual NOI

$40,039

Annual Expense

$28,349

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
121$1,600$1,600$2,000$2,000
121$1,600$1,600$2,000$2,000
111$1,400$1,400$1,550$1,550
111$1,400$1,400$1,550$1,550
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
464$6,000$7,100

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