541 E 64th Street

Long Beach,CA 90805

$ 2795000

1 Bed

1 Bath

0 SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID PW25079294

Bedrooms 1

Property Sub-Type Res Income 2-4 Units

Property Description

**Excellent North Long Beach Location Across From Jordan High School & Houghton Park** **Priced at $174,687/Unit & $274.18/SF** **9.68 GRM & 7.1% Cap Rate on Current Income** **7.64 GRM & 9.8% 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

Zoning Assessor

Direction South of Artesia Blvd and West of Atlantic Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7115028005

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