1522 Redondo Ave.
Long Beach, CA 90804 ·
18 Units · Multifamily For Sale
Twin Palms Apartments
|Price||N/A||Property Use Type||Investment|
|No. Units||18||Cap Rate||5.90%|
|Building Size||14,880 SF||Gross Rent Multiplier||11.80|
|Property Type||Multifamily||Year Built||1964|
|Listing ID: 18169194||Date Created: 05/13/2013||Last Updated: 07/29/2013|
CBRE, an exclusive advisor is proud to present the rare opportunity to purchase Twin Palms apartment building located in the coveted eastside of Long Beach, one of the best rental submarkets in the city of Long Beach. The 1960 balcony style building is an all electric building individually metered with individual water heaters for each unit. There are 20 gated parking spots.
The 18 unit apartment building is in prime rental location just a short distance away from the traffic circle with easy access to the 405 freeway. Tenants have the option to walk to banks, retail, restaurants, as well as public transportation.
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