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46 Plymouth , Long Beach, CA 90805
Priced at Only: $2,475,000
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Address: 46 Plymouth , Long Beach, CA 90805
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  • MLS#: OC26021177 ( Apartment )
  • Street Address: 46 Plymouth
  • Viewed: 2
  • Price: $2,475,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90805
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Greg Greg
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The Plymouth Street Apartments is an 8 unit apartment community located in the City of Long Beach, one of the premier rental markets in Los Angeles County, California. Built in 1964, the property features an attractive and consistent unit mix comprised entirely of two bedroom/ one bathroom units, totaling approximately 6,808 square feet on a 7,424 square foot lot. Recent capital improvements include new garage doors, new electrical sub panels, and new vinyl windows. Additional amenities include a spacious community laundry room, six (6) single car garages with front driveway parking, and one (1) additional surface parking space. This offering presents a rare opportunity for investors to acquire a stable asset generating a 5.5% CAP Rate on current income, with upside potential to a 7.0% CAP Rate at market rents. Located in the highly desirable Long Beach rental market, the Plymouth Street Apartments is well positioned to deliver strong cash flow and long term value appreciation.
Features
Building Area Total
  1. 6808.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 1125.00
Entry Location
  1. Ground level
Fuel Expense
  1. 1125.00
Garage Spaces
  1. 6.00
Insurance Expense
  1. 5000.00
Laundry Features
  1. Community
Laundry Income
  1. 1500.00
Lockboxtype
  1. None
  2. See Remarks
Lot Features
  1. Near Public Transit
Netoperatingincome
  1. 136238.00
Parcel Number
  1. 7131008008
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 455599112:CRM
Totalexpenses
  1. 50666.00
Trash Expense
  1. 1125.00
Vacancyallowance
  1. 5781
Water Sewer Expense
  1. 1125.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Public Records
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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