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Listed by Anthony Walker • Buckingham Investments, Inc
$ 1,450,000
Est. payment | /mo
6,483 Sqft Lot
$ 1,450,000
Est. payment | /mo
6,483 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25066385
Originating Board California Regional MLS
Year Built 1922
Lot Size 6,483 Sqft
Property Sub-Type Fourplex
Property Description
This large 3 building campus of a 4 unit property is one block North of Downtown Long Beach and Alamitos Beach. One 5 bed/1 bath house, one 4 bed/2 bath house, and two 3 bed/1 bath apartments on a 6483 square foot lot. Lowest GRM and best income 4 unit for sale in the whole city of Long Beach at 11.8X GRM on actuals and 11.4X GRM on market rents, and is only 8 blocks to the beach and Pacific Ocean. Low expense property separately metered for gas and electric. Well maintained and professionally managed in a dense, high demand rental market. The property is close to St Mary's hospital and Long Beach Community College plus numerous other job centers in the area. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Rooms
Kitchen Oven Range - Gas, Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry None
Exterior
Parking Features No Parking
Pool 31, None
View None
Roof Type Flat / Low Pitch,Composition
Building
Water District - Public
Others
Tax ID 7267025031
Special Listing Condition Not Applicable
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