This property is Off-Market

1522 Redondo Ave.
Long Beach, CA 90804 ·

18 Units · Multifamily For Sale

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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
Property Sub-type Garden/Low-Rise
Listing ID: 18169194 Date Created: 05/13/2013 Last Updated: 07/29/2013

Description

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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1522 Redondo Ave., Long Beach, CA 90804 (Los Angeles County)

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