520 East Adams Street Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90805
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 17,520 sqft
Price per Sqft $273
MLS Listing ID PW-25079143
Year Built 1959
Lot Size 0.608 Acres
Property Sub-Type Apartment
Property Description
**Excellent Unit Mix of 1 & 2-Bedroom Units** **Priced at $184,615/Unit & $273/SF** **10.42 GRM & 6.5% Cap Rate on Current Income** **7.94 GRM & 9.4% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** **Ideal Rental Location on Residential Street in North Long Beach** ----520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room. --------Also for sale are neighboring properties of 540 Adams, 555 Adams, 560 Adams & 541 E. 64th Street
Location
State CA
County Los Angeles
Zoning LBR4R
Interior
Laundry Common Area
Exterior
Parking Features Gated
Pool Private,Fenced,In Ground
Community Features Curbs,Gutters,Sidewalks
Building
Lot Description Lot 20000-39999 Sqft
Sewer Public Sewer