925 E 19th St - Apartments FOR SALE


Long Beach, CA 90806
$1,349,000 USD
310-948-2631
925 E 19th St, Long Beach, CA for Sale
$1,349,000 USD
Apartments - FOR SALE
1/10
null | 6.7% Cap Rate

925 E 19th St
Long Beach, CA 90806


HIGHLIGHTS

  • Priced to sell at 9.8 GRM with upside to 8.9 GRM and a 7.7% CAP.
  • EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
  • EARN OVER A 11% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
  • Excellent unit mix of all 2+1's with onsite parking.

OVERVIEW

Priced to sell at 9.8 GRM with upside to 8.9 GRM and a 7.7% CAP. 6 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). All 2/1's. Electrical was updated in 2024. The property was updated in 2019 throughout and is professionally managed and well maintained. Property has onsite laundry and 4 parking spaces which are rented to tenants. Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more - David Guevara - (714) 474-1284. EARN OVER A 11% CASH ON CASH RETURN AGAINST IN PLACE RENTS. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

FOR SALE DETAILS

PRICE

$1,349,000 USD

PRICE/SF

$337 USD /SF

# OF UNITS

6

PRICE/UNIT

$224,833

CAP RATE

6.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

R2, City/Long Beach

APN/PARCEL ID

7210-012-024

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 Notice.