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3025 E 65th St, Long Beach, CA 90805

3025 E 65th St, Long Beach, CA 90805
$750,000

Description

Stephen Takahashi and Evelyn Baez of Lyon Stahl Investment Real Estate are proud to present 3025 E 65th St. This property is a 2 story and 2 unit high income-producing investment property offering enough parking spaces to entertain guests! 65th st is located South of Artesia Blvd and East of Paramount. 65th St offers a current CAP rate of 5.41%  (Market CAP 5.41%) & a current GRM of 13.28 (Market GRM 12.79). This opportunity is great for an investor with little maintenance and continually growing in the rental market.

This high-income producing property has tenants that are paying market value rents. 3025 offers a great unit mix of one 3+2 & one 2+2. Units with 1,920 total rentable SF with an additional 400 SF. Your current gross income is $4,708 per month; $56,496 per year, with market rents bringing in $4,887 per month; $58,644 per year.

65th St offers a Main House that consists of a 3- bedroom and 2-Bath and is equipped with new wood flooring. There is an additional 400 sq ft of living area that comes from the second unit that comes from a permitted 2-Bedrooms and 2-Bath. All bedrooms are on the second floor with wood floor floors. All utilities, laundry room, dining room, kitchen, and half bathroom are included downstairs. There are plenty of parking spaces in the front and back.

This offering represents a strong monthly income opportunity for an investor who’s looking for an easy cash flow investment. The land boasts a Walk Score of 71 and is less than .5 mi away from the 91 FWY. 65th St offers transit access, being located directly on the 91 freeway, and is in the borderline of Lakewood, CA. Also, close proximity to Lakewood shopping center and Long Beach Unified School District. School; McKinley Elementary School, Hamilton Middle School, Jordan Highschool.

Listing Highlights:

  • Duplex | $750,000
  • Ideal Unit Mix – (1)  3- Bed/ 2- Bath & (1) 2-Bed/ 2-Bath Units
  • Features 3  Car Ports-  Two for 3 Bed & One for 2 Bed
  • Laminated wood floors and ceramic tiles
  • $365k | Unit $390.63 | Sq ft
  • 5.41%  CAP & 13.28 GRM
  • $38,564 Gross Rent |NOI
  • Located next to the 91 Fwy and a short commute to Lakewood Shopping Center.

Property Downloads

  • City: Long Beach
  • State/county: CA
  • Country: United States

Detail

Updated on July 16, 2020 at 9:19 am

  • Price: $750,000
  • List Date: 7/16/2020
  • Property Size: 1,920 Sq Ft
  • Land Area: 4,578 Sq Ft
  • Year Built: 1978
  • Property Type: Duplex, Multifamily
  • Property Status: Active
  • Numbers of Units: 2
  • NOI: $38,564
  • GRM: 13.28
  • CAP RATE: 5.14%
  • Price per Unit: $375,000
  • Market GRM: 12.02
  • Market CAP RATE: 5.89%

Contact info

Evelyn Baez
Evelyn Baez
(310)598-1233(951)902-3006
Stephen Takahashi
Stephen Takahashi
(310) 890-5270(310) 403-9145
Linkedin

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