**Pride of Ownership Community Across From Jordan High School & Houghton Park**
**Priced at $174,688/Unit & $271.10/SF**
**9.32 GRM & 7.3% Cap Rate on Current Income**
**7.61 GRM & 9.7% Cap Rate on Market Rents**
**Easy Upside in Rental Income for a New Owner**
----540 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room.
--------Also for sale are neighboring properties of 520 Adams, 555 Adams, 560 Adams & 541 E. 64th Street
Pending
Listing Provided by:
Doug Rodermund DRE #01314304 dsr@morganskenderian.com,
Morgan Skenderian
Price cut: $85K (6/27)
$2,795,000
540 E Adams St, Long Beach, CA 90805
16beds
16baths
10,310sqft
Est.:
Multi Family
Built in 1958
-- sqft lot
$-- Zestimate®
$271/sqft
$-- HOA
What's special
Community poolCovered parkingOn-site laundry roomGated access
- 114 days
- on Zillow |
- 46 |
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