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260 E 25th St, Long Beach, CA 90806

260 E 25th St, Long Beach, CA 90806
$1,350,000

Description

Remodeled, Townhouse style 4-plex located at 260 E. 25th St., Long Beach. Sitting at 5,081 Sq.Ft, this spacious property is an absolute steal for any new owner. The 25th St. property has an incredibly strong unit mix, being comprised of (1) 3-Bedroom/2-Bath unit, (2) 2-Bedroom/1.5-Bath units, and (1) 2 Bedroom/1-Bath unit. Three of the units offer large back door patios. Remodels to the property include new bathrooms/kitchens, hardwood and stone flooring, and granite countertops. The property has also undergone a full copper re-pipe as well as a brand new roof put on only 2 years ago. One 2 Bed/1.5-Bath unit can be delivered vacant upon the close of escrow, allowing for owner occupancy or the new investor. There are (4) garages: (3) one-car and (1) two-car conveniently located for all tenants, as well as an opportunity for extra income for the new owner. Being offered at a current 4.62% Cap, there is still plenty of room in rental upside, offering a 6.55% Cap and 11.33 GRM. This “all electric” property is separately metered. With $6B in development flowing into the city, Long Beach has continued to rise as a top beach community. This is a perfect opportunity for any buyer or owner/user looking for a renovated 4-plex in one of Long Beach’s fastest growing markets.
  • City: Long Beach
  • State/county: CA
  • Country: United States

Detail

Updated on July 7, 2020 at 1:28 pm

  • Price: $1,350,000
  • List Date: 7/7/2020
  • Property Size: 5,081 Sq Ft
  • Land Area: 6,476 Sq Ft
  • Garage Size: 4 Parking Spaces
  • Year Built: 1968
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 4
  • NOI: $62,340
  • Price per Unit: $337,500

Contact info

Cameron Samimi
Cameron Samimi
(310) 880-3855 (310) 259-7556
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