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Listed by Doug Rodermund • Morgan Skenderian
$2,880,000
Est. payment /mo
0.31 Acres Lot
Active
560 E Adams ST Long Beach, CA 90805
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25079277
Year Built 1958
Lot Size 0.314 Acres
Source California Regional MLS
Property Description
**Mix of Studio, 1 & 2-Bedroom Units** **Priced at $180,000/Unit & $282/SF** **7.89 GRM & 9.2% Cap Rate on Market Rents** **Excellent North Long Beach Location Across From Jordan High School & Houghton Park** **Pride of Ownership Property** ----560 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits 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 520 Adams, 540 Adams, 555 Adams & 541 E. 64th Street
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Garage Spaces 16.0
Pool Pool - In Ground, Pool - Yes, Pool - Fenced
Building
Water District - Public
Others
Tax ID 7115028008
Special Listing Condition Not Applicable
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