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

Building size

2,160 sqft

Lot size

5,654 sqft

Year built

1940

Garage spaces

0

Cooling

None

Pool

None

View

None

Status

Active

Days on market

83

MLS #

246848453

About this property

318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. All 4 units will be delivered occupied with tenants paying at or above market rates. At the list price, the property has outstanding fundamentals with a 6.5 CAP RATE and 12.35 GRM. To make this one even better, all units are in good marketable condition, with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design in the residential units. The seller is motivated. This is one you don't want to miss.

Location

320 E Market Street

Long Beach, Los Angeles, CA, 90805