3325 E 2nd Street, Long Beach, CA 90803

$3,995,000
List Price
$3,995,000
Status
ACTIVE UNDER CONTRACT
MLS#
PW21192661
Year Built
1928
Lot Size
5,892
Acres
0.14
Lot Location
Rectangular Lot
Days on Market
46
Property Type
Multifamily
Neighborhood
Belmont Heights (Bh)

Property Description

Pleased to present the opportunity to acquire 2nd Street Property, an incredible turnkey apartment building situated in the desirable Belmont Heights neighborhood of Long Beach. The property offers a diverse unit mix of large studios, one and two-bedroom units with a vintage feel, but having a modern layout. The apartment building features a laundry room, storage compartments, and a great location with many of Long Beach’s finest attractions only minutes away. This property offers an investor the opportunity to acquire a valuable income-producing asset with a current cap rate of 3.6% and a market cap rate of 4.6%.

Additional Information

Pool Description
None
Sewer
Unknown
Water
Public
Number Of Units Total
10
Gross Scheduled Income
$231,272
Operating Expense
79030

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Gary Tolfa from Triqor Group

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.