540 E Adams ST Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90805
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25079195
Year Built 1958
Lot Size 0.322 Acres
Property Sub-Type Apartment
Property 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
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LBR4R
Interior
Laundry Common Area
Exterior
Pool Fenced,In Ground,Private
Community Features Curbs,Gutter(s),Sidewalks
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan,Conventional,1031 Exchange
Listing Terms Cash to New Loan,Conventional,1031 Exchange
Special Listing Condition Standard