8 Units Long Beach

210 E. 56th Street,
Long Beach, CA 90805

 

$1,398,000
Offering Price
17.74
GRM
$174,750
Price Per Unit
8
Number of Units
3.99%
Cap Rate
4,350
Building SF
$1,398,000
Offering Price
17.74
GRM
$174,750
Price Per Unit
8
Number of Units
3.99%
Cap Rate
4,350
Building SF

Investment Summary

  • The Seller has not raised rents in a long time which gives a buyer the opportunity to increase the rent and consequently increase the cap rate to the 6% range.

Investment Highlights

  • Significant Rental Upside Potential
  • Centrally Located
  • Potential for Adding Additional Units
FOR MORE DETAILS CONTACT
John Gessford
Senior Vice President | Principal
(949) 278-6645
jgessford@lee-associates.com
01137479
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