435 W 11TH STREET, LONG BEACH CA 90813
- 6,395 sq.ft.
- 9,685 sq.ft. lot
Property Description
PRICE REDUCED AND READY TO SELL. Priced at UNDER 10 GRM and 6.6% CAP with upside to 9.3 GRM and a 7.3% CAP. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.8%). Located on the West Side blocks from Downtown Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree-lined street. The property is professionally managed and well-maintained. All units have their own private parking included, and most have a private outdoor patio. All have W/D hookups. All units have their own water heater. A new owner can raise rents to market and achieve a 9.4 GRM and 7.2% CAP. Earn over a 9.5% cash-on-cash return at market rents. Qualified Buyers can put as little as 30% down. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.
Listing Courtesy of Jonathan Swire, The Agency
Interior Features
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