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520 Adams Street, Long Beach, CA 90805
Priced at Only: $4,800,000
For more Information Call Mobile: 714.478.6676
Address: 520 Adams Street, Long Beach, CA 90805
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  • MLS#: PW25079143 ( Apartment )
  • Street Address: 520 Adams Street
  • Viewed: 5
  • Price: $4,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 46
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90805
  • Provided by: Morgan Skenderian
  • Contact: Doug Doug
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    **Excellent Unit Mix of 1 & 2 Bedroom Units** **Priced at $184,615/Unit & $273/SF** **10.42 GRM & 6.5% Cap Rate on Current Income** **7.94 GRM & 9.4% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** **Ideal Rental Location on Residential Street in North Long Beach** 520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street 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 540 Adams, 555 Adams, 560 Adams & 541 E. 64th Street
Features
Building Area Total
  1. 17520.00
Carport Spaces
  1. 26.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 9299.00
Fuel Expense
  1. 9299.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1940.00
Insurance Expense
  1. 6724.00
Laundry Features
  1. Common Area
Laundry Income
  1. 3600.00
Levels
  1. Two
Lot Features
  1. Lot 20000-39999 Sqft
Netoperatingincome
  1. 309972.00
Newtaxesexpense
  1. 64903.00
Number Of Separate Electric Meters
  1. 27
Number Of Separate Gas Meters
  1. 27
Otherexpense
  1. 1000.00
Otherexpensedescription
  1. misc
Parcel Number
  1. 7115028010
Pest Control Expense
  1. 1631.00
Pool Expense
  1. 3420.00
Pool Features
  1. Private
  2. Fenced
  3. In Ground
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 436126469:CRM
Totalactualrent
  1. 38099.00
Totalexpenses
  1. 136992.00
Trash Expense
  1. 9299.00
Vacancyallowance
  1. 13824
Water Sewer Expense
  1. 9299.00
Water Source
  1. Public
Workmanscompensationexpense
  1. 6000.00
Year Built
  1. 1959
Year Built Source
  1. Assessor
Zoning
  1. LBR4R
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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