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540 Adams Street, Long Beach, CA 90805
Priced at Only: $2,880,000
For more Information Call Mobile: 714.478.6676
Address: 540 Adams Street, Long Beach, CA 90805
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540 Adams Street
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  • MLS#: PW25079195 ( Apartment )
  • Street Address: 540 Adams Street
  • Viewed: 4
  • Price: $2,880,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • 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
    **Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $180,000/Unit & $279/SF** **9.69 GRM & 6.8% Cap Rate on Current Income** **7.84 GRM & 9.2% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** 540 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, 555 Adams, 560 Adams & 541 E. 64th Street
Features
Assessments
  1. Special Assessments
Building Area Total
  1. 10310.00
Carport Spaces
  1. 16.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 7330.00
Fuel Expense
  1. 7330.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2120.00
Insurance Expense
  1. 5466.00
Laundry Features
  1. Community
Levels
  1. Two
Lot Features
  1. Lot 10000-19999 Sqft
Netoperatingincome
  1. 195591.00
Newtaxesexpense
  1. 38982.00
Number Of Separate Electric Meters
  1. 17
Number Of Separate Gas Meters
  1. 17
Parcel Number
  1. 7115028009
Pest Control Expense
  1. 875.00
Pool Expense
  1. 3285.00
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. 436128563:CRM
Totalexpenses
  1. 92825.00
Trash Expense
  1. 7330.00
Vacancyallowance
  1. 8920
Water Sewer Expense
  1. 7330.00
Water Source
  1. Public
Workmanscompensationexpense
  1. 6000.00
Year Built
  1. 1958
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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