Listed by Person Realty Inc.
$2,600,000
1020 E Broadway
Details
APN 7265002024
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 2.97%
Buildings 1
Acreage 0.086
Zoning Public Rec
Multifamily | 2.97% CAP | 4 Units
Marketing description
Excellent investment opportunity in the heart of Long Beach. This well-maintained four-unit property features an attractive unit mix consisting of three 2-bedroom/1-bath units and one spacious 3-bedroom/2-bath unit. The property is currently fully occupied and generates approximately $10,197 in monthly rental income. Recent improvements include upgraded electrical panels, providing additional value and reduced future capital expenditure. Conveniently located near Downtown Long Beach, shopping, dining, public transportation, major freeways, and the waterfront. An ideal opportunity for investors seeking stable in-place income with potential for future rental growth. Please do not disturb occupants. Drive by only. Property will be shown with an accepted offer. Buyer and buyers agent to independently verify all property information, rents, expenses, permits, and square footage.
Listing Contacts
Listed by Person Realty Inc.
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