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Multifamily 10 units

1910 Cedar Ave, Long Beach, CA 90806

N/A

10 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
10
Building Size:
7,492 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
6.94%
Gross Rent Multiplier:
10.88
Lot Size:
8,150 SF
APN / Parcel ID:
7209-023-023
Listing ID
18457235
Last Updated
over 1 year ago

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. /

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