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Listed by Doug Rodermund • Morgan Skenderian
$2,925,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25079249
Year Built 1958
Lot Size 0.342 Acres
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Washer/Dryer - Leased, Community Facility
Exterior
Garage Spaces 16.0
Pool Pool - In Ground, Pool - Yes, Pool - Fenced
Building
Water District - Public
Others
Tax ID 7115028013
Special Listing Condition Not Applicable
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