826 Euclid Ave Long Beach, CA 90804

826 Euclid Ave Long Beach, CA 90804

Long Beach, CA
$2,050,000

Property Description

826 Euclid Ave is a well-positioned 7-Unit building located on a quiet residential street in East Long Beach. Built in 1954, the 5,438 SF building sits on a 5,848 SF lot, and features (3) 2-bed/1-bath units, and (4) 1-bed/1-bath units. The property also includes (4) single car garages with (3) uncovered spaces and a shared laundry space. The property boasts a 3.37% Cap Rate with a 5.06 Market CAP, and is located near Jefferson Leadership Academy Middle School & Woodrow Wilson High School. Given the ideal location in a desirable city and consistent rental income this building provides, 826 Euclid is a great opportunity to own a quality asset for any Los Angeles CRE investor or owner-user.

Property Features

  • Sale Price: $2,050,000
  • Area Size: 5,438 Sq. Ft.
  • Land Area: 5,848 Sq. Ft.
  • Year Built: 1954
  • Listing Date: 8/08/2022
  • Closing Date: 10/17/2022
  • Units: 7
  • Current GRM: 17.52
  • Current Cap Rate: 13.43
  • Price Per Unit: $310,714
  • Market GRM: 3.37%
  • Market Cap Rate: 5.06%
  • Current NOI: $73,264

Lyon Stahl Investment Real Estate

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