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560 E Adams St
Long Beach, CA 90805
Rickey Apartments · Multifamily Property For Sale
·
16 Units
Investment Highlights
- Mix of Studio, 1 & 2-Bedroom Units
- 10.89 GRM & 6% Cap Rate on Current Rents
- Excellent North Long Beach Location Across From Jordan High School & Houghton Park
- Priced at $174,688/Unit & $273.70/SF
- 7.66 GRM & 9.7% Cap Rate on Market Rents
- Pride of Ownership Property
Property Facts
| No. Units | 16 | Building Size | 10,212 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 | 1.57/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | LBR4R - Low-Density Residential | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 10,212 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | LBR4R - Low-Density Residential |
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,450 | 500 |
| 1+1 | 14 | $1,300 | 650 |
| 2+1 | 1 | $1,600 | 800 |
Property Taxes
| Parcel Number | 7115-028-008 | Improvements Assessment | $1,161,737 |
| Land Assessment | $588,609 | Total Assessment | $1,750,346 |
Property Taxes
Parcel Number
7115-028-008
Land Assessment
$588,609
Improvements Assessment
$1,161,737
Total Assessment
$1,750,346
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