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Key Details
Sold Price $855,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID SB17202167
Sold Date 10/26/17
HOA Y/N No
Year Built 1922
Property Description
6% Cash on Cash Return. 4 Garages!
Best Investor Purchase on the Market by far:
No property listed will give this cash on cash return day 1. Pro-forma Cash on Cash return is almost 11%
Best Cap Rate: 5.7%
Best COC Return: 6.04%
Best Pro-Forma: 10.9% COC
Do not miss this opportunity to own this pride of ownership 4 unit building in a great neighborhood of Long Beach. Turn Key Property. Property is right next to a great Elementary School and has wonderful long term tenants. Property features brand new stucco exterior and renovated interiors. This owner takes very good care of this building, it is self managed and she visits every week.
Property has 4 garaged parking spaces. It is separately metered for gas and electric per unit.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR1N
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Total Parking Spaces 4
Private Pool No
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7208020006
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Brad Davidson • We Help U Buy Realty
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