318 320 E Market Street, Long Beach, CA 90805
- $1,369,000
- List Price
- $1,369,000
- Status
- ACTIVE
- MLS#
- P1-28074
- Year Built
- 1940
- Lot Size
- 5,654
- Acres
- 0.13
- Days on Market
- 19
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- Not Applicable
Property Description
Welcome to 318-320 East Market Street, a turnkey income opportunity featuring 3 residential units and 1 commercial storefront currently used as a barbershop. All 4 units will be delivered with month-to-month tenants paying at or above market rates, with current gross monthly rent at $7,755. The property is in good marketable condition with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design. Solid CAP RATE and GRM. Run the numbers yourself, you won't want to miss this one.
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Additional Information
- Appliances
- Water Heater
- Pool Description
- None
- Cooling Description
- None
- View
- None
- Attached Structure
- Attached
- Gross Scheduled Income
- $93,060
- Operating Expense
- 19452
Listing courtesy of Listing Agent: Teresa Fuller (teresa.fuller@compass.com) from Listing Office: COMPASS.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.