540 E Adams St | Long Beach, CA 90805
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- LoopNet Team
540 E Adams St
Long Beach, CA 90805
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Pride of Ownership Community Across From Jordan High School & Houghton Park
- 9.632 GRM & 7.3% Cap Rate on Current Income
- Easy Upside in Rental Income for a New Owner
- Priced at $174,688/Unit & $271.10/SF
- 7.61 GRM & 9.7% Cap Rate on Market Rents
Property Facts
| No. Units | 16 | Building Size | 10,310 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | LBR4R - Low-Density Residential | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 10,310 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | LBR4R - Low-Density Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Ice Maker
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- Gated
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,543 | 650 |
Property Taxes
| Parcel Number | 7115-028-009 | Improvements Assessment | $1,934,307 |
| Land Assessment | $910,261 | Total Assessment | $2,844,568 |
Property Taxes
Parcel Number
7115-028-009
Land Assessment
$910,261
Improvements Assessment
$1,934,307
Total Assessment
$2,844,568
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