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$ 1,565,000
Est. payment | /mo
4 Beds
6,742 Sqft Lot
$ 1,565,000
Est. payment | /mo
4 Beds
6,742 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID SB26098488
Bedrooms 4
Lot Size 6,742 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Priced to sell! This well-performing 8-unit building is located in the South Wrigley neighborhood of Long Beach. The rear garages were converted to 2 brand-new 1BD/1BA ADU's at 386 square feet each. Priced with very high in-place cash flow at close with actual rents resulting in an 8.81X GRM and 7.3% cap rate. There is a courtyard in the middle of the property for tenant enjoyment. This property is located about 1.5 miles from Downtown Long Beach, and less than a mile to the 710 freeway, making this a strong rental location for tenants and investors. Tenants can utilize the nearby Metro Line, shopping centers, medical facilities, schools, and dining. Don't miss out on this incredible opportunity! Available for sale with neighboring property, 1958 Pine. Offering memorandum in supplemental materials.
Location
State CA
County Los Angeles
Zoning Assessor
Direction North of PCH, East side of Pine.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7209017012
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Malcolm Zeger, DRE#02013882 Buckingham Investments, Inc
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