541 E 64th Street, Long Beach, CA 90805 - MLS#PW25079294

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Nicole Hazelton

[email protected] +1(619) 206-1892

$2,880,000

Est. payment - /mo

1 Bed

1 Bath

0.31 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25079294

Bedrooms 1

HOA Y/N No

Lot Size 0.310 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

**Excellent North Long Beach Location Across From Jordan High School & Houghton Park** **Priced at $180,000/Unit & $282/SF** **10.08 GRM & 6.8% Cap Rate on Current Income** **7.87 GRM & 9.5% Cap Rate on Market Rents** **First Time on the Market in Decades** ----The 64th Street Apartments offer 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 covered parking, gated access and an on-site laundry room. ----Also for sale are neighboring properties of 520 Adams, 540 Adams, 555 Adams & 560 Adams
**Excellent North Long Beach Location Across From Jordan High School & Houghton Park** **Priced at $180,000/Unit & $282/SF** **10.08 GRM & 6.8% Cap Rate on Current Income** **7.87 GRM & 9.5% Cap Rate on Market Rents** **First Time on the Market in Decades** ----The 64th Street Apartments offer 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 covered parking, gated access and an on-site laundry room. ----Also for sale are neighboring properties of 520 Adams, 540 Adams, 555 Adams & 560 Adams

Location

State CA

County Los Angeles

Area Long Beach (90805)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $278

Acceptable Financing Conventional, Exchange

Space Rent $1,418

Listing Terms Conventional, Exchange

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Listed by Doug Rodermund • Morgan Skenderian

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Nicole Hazelton

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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541 E 64th Street Long Beach, CA 90805

Nicole Hazelton

Key Details

Location

Building

Others

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