1072 E 72nd St, Long Beach, CA 90805

1072 E 72nd St, Long Beach, CA 90805

Long Beach, CA
$810,000

Property Description

We are pleased to present a two-unit property located at the border of North Long Beach and Paramount. Each unit is a 2-bedroom & 1-bath currently occupied by a tenant. One tenant is paying $1,400 and the other one $1,550 per month; both tenants are on a month-to-month basis. Because its affordable price point, great location, and solid potential for future appreciation and increase in cashflow, this property will trade rapidly.

Property Features

  • Sale Price: $810,000
  • Area Size: 1,723 SF
  • Year Built: 1954
  • Listing Date: April 25, 2022
  • Units: 2
  • Current GRM: 22.88
  • Current Cap Rate: 2.31 %
  • Market GRM: 15.70
  • Market Cap Rate: 4.23%

Lyon Stahl Investment Real Estate

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