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541 64th Street, Long Beach, CA 90805
Priced at Only: $2,880,000
For more Information Call Mobile: 714.478.6676
Address: 541 64th Street, Long Beach, CA 90805
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541 64th Street
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  • MLS#: PW25079294 ( Apartment )
  • Street Address: 541 64th Street
  • Viewed: 4
  • Price: $2,880,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • 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 North Long Beach Location Across From Jordan High School & Houghton Park** **Priced at $180,000/Unit & $282/SF** **10.08 GRM & 6.8% Cap Rate on Current Income** **7.87 GRM & 9.5% Cap Rate on Market Rents** **First Time on the Market in Decades** The 64th Street Apartments offer 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 covered parking, gated access and an on site laundry room. Also for sale are neighboring properties of 520 Adams, 540 Adams, 555 Adams & 560 Adams
Features
Assessments
  1. Special Assessments
Building Area Total
  1. 10194.00
Carport Spaces
  1. 16.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 5435.00
Fuel Expense
  1. 5435.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2140.00
Insurance Expense
  1. 4800.00
Laundry Features
  1. Common Area
Laundry Income
  1. 2100.00
Levels
  1. Two
Lot Features
  1. Lot 10000-19999 Sqft
Netoperatingincome
  1. 194629.00
Newtaxesexpense
  1. 39056.00
Number Of Separate Electric Meters
  1. 17
Number Of Separate Gas Meters
  1. 17
Otherexpense
  1. 1500.00
Otherexpensedescription
  1. misc
Parcel Number
  1. 7115028005
Pest Control Expense
  1. 803.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 436140573:CRM
Totalexpenses
  1. 82578.00
Trash Expense
  1. 5435.00
Uncovered Spaces
  1. 0.00
Vacancyallowance
  1. 8573
Water Sewer Expense
  1. 5435.00
Water Source
  1. Public
Workmanscompensationexpense
  1. 6000.00
Year Built
  1. 1960
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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