2216 W Wardlow Rd - Apartments FOR SALE


Long Beach, CA 90810- Westside Long Beach
$1,575,000 USD
310-948-2631
2216 W Wardlow Rd, Long Beach, CA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/9
null | 6.4% Cap Rate

2216 W Wardlow Rd
Long Beach, CA 90810
Westside Long Beach


HIGHLIGHTS

  • Excellent Unit Mix for the area - all 2+1's.
  • PRICED TO SELL - 9.8 GRM on current rents with upside to 9.3 GRM and 7.0% CAP.
  • EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
  • Potential ADU Opportunity w/4 garages in front - Buyer to verify.
  • Put as little as 30% down for qualified Buyers.

OVERVIEW

PRICED TO SELL. 9.8 GRM on current rents with upside to 9.3 GRM. 7 units in Long Beach NOT subject to local rent control - AB 1482 Only (5% + CPI max increase). All units are 2+1's. 4 garages in the front - potential ADU opportunity - Buyer to verify. Property is professionally managed and well maintained. Laminate flooring, updated kitchens. Onsite laundry as well. Put as little as 30% down for qualified Buyers. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

7

PRICE/UNIT

$225,000

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,650 SF

ZONING

LRBR1N

APN/PARCEL ID

7317-003-004

ASK ABOUT THIS PROPERTY

Jon SwireThe AgencyMore Info
310-948-2631

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Jon SwireThe AgencyMore Info
310-948-2631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.