Alta Realty Group Ca, Inc
Ann Harris, Alta Realty Group Ca, IncPhone: (949) 433-3225
Email: [email protected]
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listing
1 of 8
Residential IncomeFor Sale
$4,800,000
520 E Adams Street
Long Beach, CA 90805
Listing Office: Morgan Skenderian
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$24,877/mo

**Excellent Unit Mix of 1 & 2-Bedroom Units** **Priced at $184,615/Unit & $273/SF** **10.42 GRM & 6.5% Cap Rate on Current Income** **7.94 GRM & 9.4% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** **Ideal Rental Location on Residential Street in North Long Beach** ----520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room. --------Also for sale are neighboring properties of 540 Adams, 555 Adams, 560 Adams & 541 E. 64th Street

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Information courtesy of Morgan Skenderian is subject to verification and is not guaranteed.
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