$1,595,000

Multi Family In Long Beach

  • 5 Beds
  • 4 Baths
  • 5,363 Sqft lot
  • Updated: October 23
  • Source:
    San Diego MLS  MLS#PW26195086

About the Property

Great Downtown location blocks away from shopping, restaurants and so much more. Lower level contains a ” MEETING ROOM”with its own bath. By adding a shower a stove and a front door- could potentially be a LOW COST ADU adding at least 1500.00 per month to income. (2) 1 bedroom tenants have given notice so there is potential for market rents. Classic building with great unit mix (1) 2 bedroom unit
Great Downtown location blocks away from shopping, restaurants and so much more. Lower level contains a ” MEETING ROOM”with its own bath. By adding a shower a stove and a front door- could potentially be a LOW COST ADU adding at least 1500.00 per month to income. (2) 1 bedroom tenants have given notice so there is potential for market rents. Classic building with great unit mix (1) 2 bedroom unit (4) 1 bedroom units and (1) studio unit along with (2) garages which potentially be a 2nd ADU. Laundry room leased for additional income. Nice backyard. Substantial upside in rents. Security cameras. Current Cap rate of 6 With 30% down, a new borrower could get a new loan of 70% LTV
…
  • Property type

    Other

  • Floors

    2

Features

  • Garage
  • City View
  • Laundry Room
  • Balcony

Explore the Area

419 Cedar, Signal Hill, California, United States View on Google Maps
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P.R.S. Properties - Long Beach

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P.R.S. Properties - Long Beach
California, United States
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P.R.S. Properties - Long Beach
Long Beach, California, United States
View agency profile
Last updated
October 23
First listed
September 6
Listing reference
PW26195086
Listing status
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