13 Units for Sale in Long Beach, CA Investment Property for Sale

Dec 14, 2011 | No Responses

Investment Property for sale. Solid, well-maintained multifamily property in the downtown area of Long Beach–and close to Ocean Blvd. Security-Gate and excellent onsite manager keeps things running smoothly. Maintenance is performed by one of the tenants. Roof, plumbing, electrical are all in good condition. Units are tidy, with ceramic tile floors instead of carpets. This is a quiet “C” property, offered at an advantageus CAP-Rate, due to the buyer’s market.

This property is listed at $1,100,000 which puts it at 8.1  x gross (GRM) and a 7.4% Cap Rate.

Call Jeff Knowles for information.

6 1+1  6 2+1  & 2 0+1  Separately-Metered, gas and electric, solid roof, security gate, laundry room (leased)

949.307.2616    jeff@sagelang.com