Listed by Kristina Moore Properties
$1,649,000
1868 Locust
Details
APN 7209015007
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,522
Units 8
Cap Rate 6.44%
NOI $106,236
Price per SqFt $376
Year Built 1949
Buildings 1
Stories 1
Acreage 0.207
Zoning Assessor
Parking Spaces 8 spaces
Parking Per SqFt 1.77
Multifamily | 6.44% CAP | 8 Units
Marketing description
Built in 1949, the subject property consists of a unit mix of 7- 1 Bed / 1 Bath units & 1- 2 Bed / 1 Bath unit. Property features include 4 private garage parking, individually metered for utilities that helps keep the owners expenses down, a private storage area, and a gated perimeter! Close to downtown long beach, the beach, shopping and restraunts make for a strong rental market!
Investment highlights
- Heating: Wall Furnace
- Laundry Features: None
- Sewer: Public Sewer
- Water Source: Public
Listing Contacts
Listed by Kristina Moore Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,236.00
$8,853.00/mo
Valuation Metrics
0
DSCR
6.44%
Cap Rate
6.44%
ROI
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