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520 E Adams St
Long Beach, CA 90805
Multifamily Property For Sale
·
26 Units
Investment Highlights
- Excellent Unit Mix of 1 & 2-Bedroom Units
- 10.18 GRM & 7% Cap Rate on Current Income
- Easy Upside in Rental Income for a New Owner
- Priced at $180,577/Unit & $267.98/SF
- 7.71 GRM & 10% Cap Rate on Market Rents
- Ideal Rental Location on Residential Street in North Long Beach
Property Facts
| No. Units | 26 | Building Size | 17,520 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 0.61 AC | ||
| Zoning | LBR4R - Low-Density Residential | ||
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 17,520 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | LBR4R - Low-Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Pool
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | $1,426 | 650 |
| 2+1 | 4 | $1,692 | 800 |
Property Taxes
| Parcel Number | 7115-028-010 | Improvements Assessment | $1,678,065 |
| Land Assessment | $1,017,163 | Total Assessment | $2,695,228 |
Property Taxes
Parcel Number
7115-028-010
Land Assessment
$1,017,163
Improvements Assessment
$1,678,065
Total Assessment
$2,695,228
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