$2,880,000
Est. payment /mo
10,310 SqFt
New
540 E Adams Street Long Beach, CA 90805
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,310 sqft
Price per Sqft $279
MLS Listing ID CRPW25079195
HOA Y/N No
Year Built 1958
Lot Size 0.322 Acres
Acres 0.32
Property Sub-Type Other
Property Description
**Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $180,000/Unit & $279/SF** **9.69 GRM & 6.8% Cap Rate on Current Income** **7.84 GRM & 9.2% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** ----540 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, 555 Adams, 560 Adams & 541 E. 64th Street
Location
State CA
County Los Angeles
Zoning LBR4
Interior
Fireplace No
Laundry Community Facility
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7115028009
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Listed by Doug Rodermund • Morgan Skenderian