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1600 E 10th St
Long Beach, CA 90813
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 6,688 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1922 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Zoning | LBR2N - Low-Density, Two-Family Residential | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,688 SF |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | LBR2N - Low-Density, Two-Family Residential |
About 1600 E 10TH ST , LONG BEACH, CA 90813
Great proximity to Downtown Long Beach, less than a mile North of Alamitos Beach. Excellent unit mix, 13.42X gross with about 15% Upside in rents to market GRM of 11.55, pro forma cap rate of 5.6%. 4 Garages plus 4 parking spaces for additional income. 3 structures spanning a large lot with great street frontage. Separately metered for gas and electricity. Laundry room in each building for additional income. Dense rental market with low vacancy rate and strong income. Clean, professionally managed building with no deferred maintenance.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,550 | - |
Property Taxes
| Parcel Number | 7267-018-001 | Improvements Assessment | $760,082 |
| Land Assessment | $1,421,738 | Total Assessment | $2,181,820 |
Property Taxes
Parcel Number
7267-018-001
Land Assessment
$1,421,738
Improvements Assessment
$760,082
Total Assessment
$2,181,820
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