560 E Adams Street, Long Beach, CA 90805 - MLS#PW25079277

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,880,000

Est. payment | -/mo

3 Beds

3 Baths

0.31 Acres Lot

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$ 2,880,000

Est. payment | -/mo

Save

3 Beds

3 Baths

0.31 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25079277

Bedrooms 3

HOA Y/N No

Lot Size 0.314 Acres

Property Sub-Type Res Income 2-4 Units

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
**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 Long Beach (90805)

Zoning Assessor

Exterior

Pool Below Ground, Private

Building

Lot Description Curbs, Sidewalks

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $354

Acceptable Financing Conventional, Exchange

Space Rent $1,450

Listing Terms Conventional, Exchange

Listed by Doug Rodermund • Morgan Skenderian

+1(619) 302-3010

matt@homecrave.com

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560 E Adams Street Long Beach, CA 90805