Deal numbers
- Est. cap rate
- 8.6%
- Assumed rent, all units
- $10,040/mo
- Units
- 4
- Price per unit
- $175,000
- Est. annual NOI
- $60,240
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $114,456
- Operating expenses
- $57,228
- Net operating income
- $57,228
- Annual debt service
- $41,914
- Annual cash flow
- $15,314
- Cash on cash return
- 8.8%
- Down payment
- $175,000
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Quadruplex
- Bedrooms
- 9
- Bathrooms
- 4
- Building size
- 3,328 sqft
- Lot size
- 4,648 sqft
- Year built
- 1921
- Stories
- 2
- Garage spaces
- 4
- Style
- Traditional
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 93
- MLS #
- 242825563
About this property
Luxury Live Auction! Bidding to start from $700,000! Investment Opportunity in the Heart of Long Beach! 508 W 10th Street is a prime quadruplex ready for remodel, offering incredible upside to ride the equity curve with a high proforma cap rate, in one of Long Beach’s most dynamic neighborhoods. This four-unit building is perfectly positioned just blocks from downtown and only one block from convenient public transportation. The property is vacant, making it ideal for investors or owner-occupants looking to renovate and maximize rental income. The configuration includes three 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit. Each unit features private en suite laundry, and the building includes a detached one-car garage for added convenience. Located in the heart of Long Beach, this property sits amid a transformative $1.3 billion revitalization campaign, putting future growth and value right at your doorstep. Don’t miss the chance to capitalize on a property with excellent location, flexible layout, and strong investment potential.
Location
508 W 10th
Long Beach, Los Angeles, CA, 90813