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Listed by Doug Rodermund • Morgan Skenderian
$ 2,880,000
Est. payment | /mo
10,194 SqFt
$ 2,880,000
Est. payment | /mo
10,194 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,194 sqft
Price per Sqft $282
MLS Listing ID CRPW25079294
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1960
Lot Size 0.310 Acres
Property Sub-Type Other
Property Description
**Excellent North Long Beach Location Across From Jordan High School & Houghton Park** **Priced at $180,000/Unit & $282/SF** **10.08 GRM & 6.8% Cap Rate on Current Income** **7.87 GRM & 9.5% Cap Rate on Market Rents** **First Time on the Market in Decades** ----The 64th Street Apartments offer 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 covered parking, gated access and an on-site laundry room. ----Also for sale are neighboring properties of 520 Adams, 540 Adams, 555 Adams & 560 Adams
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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