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Listed by Doug Rodermund • Morgan Skenderian
$ 2,880,000
Est. payment | /mo
10,212 SqFt
$ 2,880,000
Est. payment | /mo
10,212 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,212 sqft
Price per Sqft $282
MLS Listing ID CRPW25079277
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1958
Lot Size 0.314 Acres
Property Sub-Type Other
Property Description
**Mix of Studio, 1 & 2-Bedroom Units** **Priced at $180,000/Unit & $282/SF** **7.89 GRM & 9.2% Cap Rate on Market Rents** **Excellent North Long Beach Location Across From Jordan High School & Houghton Park** **Pride of Ownership Property** ----560 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, 555 Adams & 541 E. 64th Street
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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