555 E Adams Street, Long Beach, CA 90805

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Glen Henderson

[email protected] +1(619) 889-7646

$2,925,000

Est. payment - /mo

1 Bed

1 Bath

0.34 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25079249

Bedrooms 1

HOA Y/N No

Lot Size 0.342 Acres

Property Sub-Type Res Income 2-4 Units

Type of Financing Conventional,Exchange

Property Description

**Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $182,813/Unit & $283/SF** **9.84 GRM & 6.7% Cap Rate on Current Income** **7.98 GRM & 9.0% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** ----555 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room. --------Also for sale are neighboring properties of 520 Adams, 540 Adams, 560 Adams & 541 E. 64th Street
**Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $182,813/Unit & $283/SF** **9.84 GRM & 6.7% Cap Rate on Current Income** **7.98 GRM & 9.0% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** ----555 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room. --------Also for sale are neighboring properties of 520 Adams, 540 Adams, 560 Adams & 541 E. 64th Street

Location

State CA

County Los Angeles

Area Long Beach (90805)

Zoning Assessor

Exterior

Pool Below Ground, Private

Building

Lot Description Curbs, Sidewalks

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $358

Acceptable Financing Conventional, Exchange

Space Rent $1,534

Listing Terms Conventional, Exchange

CFD/Mello-Roos Fee $4, 307

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Listed by Doug Rodermund • Morgan Skenderian

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

555 E Adams Street Long Beach, CA 90805

Glen Henderson

Key Details

Location

Exterior

Building

Others

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