560 E Adams Street
Long Beach, CA 90805
0.31 acres | #PW25079277
Description
**Mix of Studio, 1 & 2-Bedroom Units**
**Priced at $180,000/Unit & $282/SF**
**7.89 GRM & 9.2% Cap Rate on Market Rents**
**Excellent North Long Beach Location Across From Jordan High School & Houghton Park**
**Pride of Ownership Property**
----560 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, 540 Adams, 555 Adams & 541 E. 64th Street
Property Details
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$2,880,000
- MLS #PW25079277
- MLS #PW25079277
- Property SubtypeApartment
- Cost2880000
- Acres0.3141
- Utility SourcePublic
- Year Built1958
- Stories2
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Doug Rodermund (#PRODEDOU)
Listing Office: Morgan Skenderian (#PB8846)
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