Deal numbers
A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.
Property details
- Type
- Apartment
- Bedrooms
- 4
- Building size
- 3,743 sqft
- Lot size
- 3,743 sqft
- Year built
- 1963
- Stories
- 2
- Garage spaces
- 3
- Heating
- Electric
- Cooling
- Gas,Electric
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 75
- MLS #
- 244881669
About this property
Excellent investment opportunity in the heart of Long Beach. This well-maintained four-unit property features an attractive unit mix consisting of three 2-bedroom/1-bath units and one spacious 3-bedroom/2-bath unit. The property is currently fully occupied and generates approximately $10,197 in monthly rental income. Recent improvements include upgraded electrical panels, providing additional value and reduced future capital expenditure. Conveniently located near Downtown Long Beach, shopping, dining, public transportation, major freeways, and the waterfront. An ideal opportunity for investors seeking stable in-place income with potential for future rental growth. Please do not disturb occupants. Drive by only. Property will be shown with an accepted offer. Buyer and buyer’s agent to independently verify all property information, rents, expenses, permits, and square footage.
Location
1020 E Broadway
Long Beach, Los Angeles, CA, 90802