This Multifamily Property is Off-Market.

1910 Cedar Ave
Long Beach, CA 90806 ·

10 Units · Multifamily For Sale

N/A

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Multifamily 10 units

Price N/A Property Use Type Investment
No. Units 10 Cap Rate 6.94%
Building Size 7,492 SF Gross Rent Multiplier 10.88
Property Type Multifamily Lot Size 8,150 SF
Property Sub-type Mid/High-Rise APN / Parcel ID 7209-023-023
Listing ID: 18457235 Date Created: 11/21/2013 Last Updated: 01/23/2014

Description

No Rent Control! Buyer to confirm and verify with city of long beach, tax assessors office or other sources.

Great Money Making Building in an excellent rental location!
Currently managed by a highly qualified and reputable management Co. Building is in good condition.
Very Nice Unit mix, Very stable tenancy building, full occupancy!
- 5 one car garages

Based on a $1,150,000 sale price and w/ a 30% Down
- Gross Annual Income: $105,660
- Annual Net income: 16,341.52
- Annual Return on Investment : 4.21%
- Gross Multiplier: 10.88
- Cap Rate: 6.94%
This calculations were done to the best of my ability however buyers are advised to make their own calculations and make their own determinations regarding suitability for their purpose.

PHYSICAL PROPERTY HAS THE FOLLOWING BEDROOM & BATH COUNT:
- Two 2/bed 1 bath
- Two 3/bed 1 bath
- Six 1/bed 1 bath
Monthly Gross Schedule Income $8,505 plus laundry & garage income
Laundry; $100
Garage: $200
Total Monthly gross income: $8,805

- Drive by only. All offers subject to inspection. /

Research

1910 Cedar Ave, Long Beach, CA 90806 (Los Angeles County)

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