830 E New York St, Long Beach, CA 90813

830 E New York St, Long Beach, CA 90813

Long Beach, CA

Property Description

830 E New York St is a triplex located in the Poly High District of Long Beach, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. The triplex was built in 1952 and consists of 1,800 SF of living space situated on a 6,770 SF lot. 830 E New York Street offers a great unit mix consisting of (3) 1-Bed/1-Bath units. The property has been well maintained and features a large back yard. Located in one of the strongest rental markets in California – this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low.


[arve url=”https://vimeo.com/414069508″ /]

Property Features

  • Sale Price: $585,000
  • Area Size: 1,800 SF
  • Land Area: 6,770 SF
  • Year Built: 1952
  • Listing Date: 7/7/2020
  • Closing Date: 8/21/20
  • Units: 3
  • Current GRM: 14.40
  • Current Cap Rate: 4.28%
  • Price Per Unit: $183,333
  • Market GRM: 11.04
  • Market Cap Rate: 6.29%
  • Current NOI: $23,535