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    4231 E 10th Street

    Long Beach, CA 90804
    • $2,400,000
    • STATUS: Active
    • ON SITE: 193 days
    • ID#: TR20199381
    UPDATED: 41 min ago
    $2,400,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,872
      SQFT
    • $493
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Ratings & Info

    Description

    Rare opportunity to acquire a steady 100% rental occupancy (4.44% Cap Rate; value-add with strong occupancy trend), 6-unit townhouse-style 2-bedroom/2-bath units including in-unit washer/dryer built in 1989. Building entrance gate with security camera for enhanced access control and security in a prime Long Beach submarket, and great proximity to Wilson High School and Cal State Long Beach and adjacent to nearby entertainment amenities such as The Hangar at Long Beach Exchange and 2ND & PCH.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T11:25:33.267. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/110562838
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    4231 E 10th Street Long Beach, CA 90804

    • Price: $2,400,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: TR20199381
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,872
    SQFT
    $493
    $/SQFT
    1989
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    Rare opportunity to acquire a steady 100% rental occupancy (4.44% Cap Rate; value-add with strong occupancy trend), 6-unit townhouse-style 2-bedroom/2-bath units including in-unit washer/dryer built in 1989. Building entrance gate with security camera for enhanced access control and security in a prime Long Beach submarket, and great proximity to Wilson High School and Cal State Long Beach and adjacent to nearby entertainment amenities such as The Hangar at Long Beach Exchange and 2ND & PCH.
    Exterior Features

    Carport Spaces 9.00 Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportCovered Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances Gas Cooktop Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 800 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetWood Heating CentralNatural Gas Heating YN Yes Interior Features Unfurnished Laundry Features Gas Dryer HookupIn KitchenInsideStackableWasher Included Levels Multi/Split Room Type All Bedrooms Up

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.44 Community Features Sidewalks Country Us Electric Standard Electric Expense 600.00 Elevation Units Feet Gross Income 147360.00 Gross Scheduled Income 147360.00 Insurance Expense 2118.00 Land Lease YN No Laundry YN Yes Licenses Expense 416.52 Maintenance Expense 3019.00 Net Operating Income 106667.00 New Construction YN No New Taxes Expense 26319.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 24308.30 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Eastside (Es) Tenant Pays Cable TvElectricityGasTrash Collection Total Actual Rent 12280.00 Total Expenses 24308.00 Trash Expense 0.00 Water Sewer Expense 3000.00 Water Source Public Year Built Source Assessor Zoning Lbr3s

    Listing provided courtesy of Wan Hsu of Golden Key Realty Corporation


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T11:25:33.267. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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