555 E Adams Street, Long Beach, CA, US, 90805
555 E Adams Street, Long Beach, CA, US, 90805
$2,925,000
Request info
Basics
- Date added: Added 7時間 ago
- Category: ResidentialIncome
- Type: Apartment
- Status: Active
- Floors: 2, 2
- Lot size: 14890, 14890 sq ft
- Year built: 1958
- Zoning: LBR4R
- County: Los Angeles
- MLS ID: PW25079249
Description
-
Description:
**Pride of Ownership Community Across From Jordan High School & Houghton Park**
**Priced at $182,813/Unit & $283/SF**
**9.84 GRM & 6.7% Cap Rate on Current Income**
**7.98 GRM & 9.0% Cap Rate on Market Rents**
**Easy Upside in Rental Income for a New Owner**
----555 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits 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 520 Adams, 540 Adams, 560 Adams & 541 E. 64th Street
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Location
- Directions: South of Artesia Blvd and West of Atlantic Ave
- Lot Size Acres: 0.3418 acres
Building Details
- Water Source: Public
- Open Parking Spaces: 0
- Sewer: PublicSewer
- Building Area Units: SquareFeet
- Common Walls: TwoCommonWallsOrMore
- Garage Spaces: 0
- Levels: Two
- Number Of Buildings: 1
Amenities & Features
- Pool Features: Fenced,InGround,Private
- Parking Total: 16
- Laundry Features: CommonArea
Expenses, Fees & Taxes
- Trash Expense: $6,319
- New Taxes Expense: $40,583
- Pest Control Expense: $960
- Maintenance Expense: $8,360
- Other Expense: $1,000
- Electric Expense: $6,319
- Fuel Expense: $6,319
- Insurance Expense: $4,445
- Water Sewer Expense: $6,319
Miscellaneous
- List Office Name: Morgan Skenderian
- Listing Terms: CashToNewLoan,Conventional,Exchange1031
- Common Interest: CommunityApartment
- Community Features: Curbs,Gutters,Sidewalks
- Attribution Contact: dsr@morganskenderian.com
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