$1,249,000

Multi Family in Long Beach

  • 5 Beds
  • 4 Baths
  • 5,655 Sqft lot
  • Updated: October 30
  • Source:
    San Diego MLS  MLS#P1-28074

About the Property

318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. 2 of the 4 units are currently occupied with tenants paying at or above market rates. 2 of the 4 units are currently vacant. At the list price, the property has outstanding fundamentals with a pro-forma 6.5 CAP RATE and 12.35 GRM. To make this one even better, all units are in
318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. 2 of the 4 units are currently occupied with tenants paying at or above market rates. 2 of the 4 units are currently vacant. At the list price, the property has outstanding fundamentals with a pro-forma 6.5 CAP RATE and 12.35 GRM. To make this one even better, all units are in good marketable condition, with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design in the residential units. The seller is motivated. This is one you don’t want to miss.
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  • Property type

    Other

Features

  • Garden
  • Air Conditioning
  • Stone Countertops

Explore the Area

318-320 E Market Street, Signal Hill, California, United States View on Google Maps
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COMPASS - Pasadena

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COMPASS - Pasadena
California, United States
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34
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2025
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COMPASS - Pasadena
Pasadena, California, United States
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Last updated
October 30
First listed
July 18
Listing reference
P1-28074
Listing status
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