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$2,880,000

Est. payment - /mo

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0.31 Acres Lot

Active

541 E 64th ST Long Beach, CA 90805

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25079294

HOA Y/N No

Year Built 1960

Lot Size 0.310 Acres

Property Sub-Type Apartment

Property Description

**Excellent North Long Beach Location Across From Jordan High School & Houghton Park**
**Priced at $180,000/Unit & $282/SF**
**10.08 GRM & 6.8% Cap Rate on Current Income**
**7.87 GRM & 9.5% Cap Rate on Market Rents**
**First Time on the Market in Decades**

----The 64th Street Apartments offer 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 covered parking, gated access and an on-site laundry room.
----Also for sale are neighboring properties of 520 Adams, 540 Adams, 555 Adams & 560 Adams

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LBR4R

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 16

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 16

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7115028005

Energy Description 5435.0

Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Doug Rodermund • Morgan Skenderian • dsr@morganskenderian.com

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