334 W 5th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,050,000 USD
310-982-7055
334 W 5th St, Long Beach, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/8
null | 4.3% Cap Rate

334 W 5th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • 4-Unit in the heart of Downtown Long Beach
  • Low expense property
  • Qualifies for 30-year fixed financing

OVERVIEW

• Perfect 4 unit investment property right in the heart of Downtown Long Beach • Four 1 bed/1 bath units in 2688 square feet on a 2001 square foot lot • Well priced on actual income at 13.3X GRM with a 9% upside in rents to a market GRM of 12 • Simple low expense property separately metered for gas and electric • Well maintained, professionally managed property in a dense, high demand rental market • Attractive entry price and low price per door for a 4 unit property, offering 30 year fixed financing

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$391 USD /SF

# OF UNITS

4

PRICE/UNIT

$262,500

CAP RATE

4.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,999 SF

ZONING

LBPD10

APN/PARCEL ID

7280-011-005

ASK ABOUT THIS PROPERTY

Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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