$1,249,000
Long Beach, CA 90805
1940
Year Built
Los Angeles
County
ResidentialIncome
Property Type
318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. All 4 units will be delivered occupied with tenants paying at or above market rates. At the list price, the property has outstanding fundamentals with a 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.
$6,648/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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