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$ 1,195,000
Est. payment /mo
New
5220 Pacific Long Beach, CA 90805
8 Beds
6 Baths
7,534 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID SB26098969
Bedrooms 8
Lot Size 7,534 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Great 4-plex in North Long Beach tucked on a tree lined street with 3,609 rentable square feet on a 7,534 square foot lot. Excellent unit mix with a front stand-alone 2 bed/1 bath house featuring original hard wood flooring along with laundry hookups in the kitchen plus two back town house style units (2 bed/1.5 bath and 2 bed/2 bath) and a 4th apartment (2 bed/1 bath). Strong in-place income with an 11.9 GRM and a 4.5% cap rate with a 19.4% upside to rents and a market cap rate of 5.9%. (4) separate garages for off-site parking, additional income, or ADU potential. Easy access to the 710 freeway being just blocks away. Less than a mile from Bixby Knolls dining and shopping. Walkable immediate neighborhood, just blocks from The Pan, CVS, and McDonalds, and other retail.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction East side of Pacific Ave, just North of E 52nd St.
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7132014019
Listed by Anthony Walker, DRE#01908153 Buckingham Investments, Inc
NEARBY SCHOOL & BUSINESS