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1450 Locust Ave

1450 Locust Ave, Long Beach, CA 90813

N/A

750 SF | Residential Income

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Residential Income Property - Off Market

Price:
N/A
Building Size:
750 SF
Property Type:
Residential Income
Property Sub-type:
Single-Unit (SFR/Condo)
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
10%
Year Built:
1990
Listing ID
16674313
Last Updated
over 1 year ago

Description

2 condo income units located on Locust Ave, Long Beach-the two units are LLC owned & the buyer has the opportunity to buy each unit with the LLC as well.
The two units are both rented with a 10-11% cash on cash return ,one unit is section 8 with monthly guaranteed rent of $1,095 & has new contract for next year ready, therefore the cash on cash return will go up to 13-14%.
Each unit is aprox 750 SQF very clean & inviting,the owner has invested over $15,000 in remodeling, all with tile flooring, new bathroom tiles, new water heater,Plumbing, AC &Heat ,Paint & more.
Unit #311,asking price: $ 104,999
Unit #426,asking price: $ 109,999

Great investment opportunity to own these 2 income units with the LLC,seller must liquidate other wise will not sell-wont last submit offers now!
for more info please contact Ron Ben
Dir:
Email:

PCH & Magnolia

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