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

6

Building size

3,800 sqft

Lot size

6,214 sqft

Year built

1950

Stories

2

Garage spaces

1

Style

Traditional

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

0

MLS #

246850689

About this property

Perfectly located mid-century 6 unit on a full sized lot with 3800 square feet of rentable space. Great unit mix with four 1 bed/1 bath units, one 2 bed/1 bath unit, and one 2 bed/1.5 bath unit including attractive outdoor private spaces. Well priced on actual income at 11.14X GRM. Ample parking including one enclosed garage and 4 surface spaces. Select units have in-unit laundry plus a community laundry room for additional income. 5 out of 6 units recently remodeled and all electrical sub-panels recently replaced. Perfect 1031 exchange up-leg property. Excellent Eastside location demonstrating consistent rental demand. Only minutes from Cal State Long Beach, Traffic Circle, Wilson High, and Rec Park. Just North of Belmont Heights and only 1 block to the greenbelt.

Location

3622 E 11th

Long Beach, Los Angeles, CA, 90804