This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.6%. The Property has been Well-Maintained, with a Great Upside Potential on the Future Rental Income!! This Property Offers (3) 2 Bedrooms -1 Bathroom, (6) 1 Bedrooms - 1 Bathroom and (1) Bonus Room/Studio -1 Bathroom. Four of the Units have been Recently Remodeled, and the Exterior was Recently Painted. The Property also has (4) Single Car Garages that can be a Great Opportunity to convert into ADU'S for Additional Income, and it has (4) Parking Spaces for Extra Income. The Owner just recently Installed a Newer Roof. All Units are Separately Metered for Gas and Electric. This 10-Unit Apartment Building is Located in a High Demand Rental Area!! This Apartment Building in Conveniently Located Close to Shopping, Restaurants, Entertainment, Metro Link, Long Beach Airport Downtown LB, Civic Center, Long Beach Aquarium, Downtown Village, CSULB and Queen Mary Island.
The income description goes here to explain
List Price | $2,500,000 |
Property Type | Flex Space |
Usable Sqft | Unknown |
Number of Stories | 2 stories |
Parking Spots | 4 spots |
Year Built | 1948 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | 7205020028 |
MLS # | PW24201464 |
Property ID | 292031586 |
Lot Sqft | 6,623 |
Zoning | LBR2N |
Total Units | 10 |
Days on Market | 1 |
Original List Price | $2,500,000 |
Applicances | Water Heater% |
Date Updated | October 17, 2024 |
Date Created | October 17, 2024 |
Financials not available online. Please inquire with your agent for more details.
Marvin Malone an agent of . Lic #01202247
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT