CA > Long Beach
Long Beach, CA 90805,520 E Adams ST
Long Beach, CA 90805,520 E Adams ST
Long Beach, CA 90805,520 E Adams ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,695,000
Est. payment /mo
0.61 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW25079143

HOA Y/N No

Year Built 1959

Lot Size 0.607 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

Area 699 - Not Defined

Zoning LBR4R

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 26

Pool Fenced, In Ground, Private

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 26

Private Pool Yes

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7115028010

Energy Description 6273.0

Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Doug Rodermund Morgan Skenderian dsr@morganskenderian.com

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