$2,779,812
$2,840,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
555 E Adams Street Long Beach, CA 90805
1 Bed
0.34 Acres Lot
Key Details
Sold Price $2,779,812
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25079249
Bedrooms 1
Lot Size 0.342 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
**Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $177,500/Unit & $275.46/SF** **9.55 GRM & 7.1% Cap Rate on Current Income** **7.74 GRM & 9.5% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** ----555 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, 560 Adams & 541 E. 64th Street
Location
State CA
County Los Angeles
Zoning Assessor
Exterior
Pool Below Ground, Private
View Y/N No
Building
Story 2
Others
Acceptable Financing Conventional, Exchange
Listing Terms Conventional, Exchange
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Bought with Bill Larson First Team Real Estate