937 E 20th St, Long Beach, CA 90806

937 E 20th St, Long Beach, CA 90806

Long Beach, CA

Property Description

Offering a 5.23% Cap Rate on current rents, 10 Parking, four 3 bedroom units, and a 9000 square foot lot, this is by far one of the best 4 unit opportunities to hit the market in the fastest growing Beach city of Los Angeles.

All units are currently rented and have room to grow the cap rate to over a 7.53%. It’s very rare to have parking in Long Beach and many neighbors charge $150 per space. You can
lease these spaces to tenants and neighbors for extra income.

One of the largest 4-unit properties to hit the market, this value-add asset is the perfect investment for an exchange buyer or owner looking to own a piece of one of Southern California’s last affordable beach communities.

Property Features

  • Sale Price: $1,210,000
  • Area Size: 5,304 SF
  • Land Area: 9,046 SF
  • Year Built: 1911
  • Closing Date: 8/23/19
  • Units: 4
  • Current GRM: 12.89
  • Current Cap Rate: 5.23%
  • Price Per Unit: $312,500
  • Market GRM: 9.83
  • Market Cap Rate: 7.53%

Lyon Stahl Investment Real Estate

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