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**Excellent Unit Mix of 1 & 2-Bedroom Units****Priced at $184,615/Unit & $273/SF****10.42 GRM & 6.5% Cap Rate on Current Income****7.94 GRM & 9.4% Cap Rate on Market Rents****Easy Upside in Rental Income for a New Owner****Ideal Rental Location on Residential Street in North Long Beach**----520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room.--------Also for sale are neighboring properties of 540 Adams, 555 Adams, 560 Adams & 541 E. 64th Street
Property Type(s):
Residential Income
| Last Updated | 4/10/2025 | Year Built | 1959 |
|---|---|---|---|
| Community | Not Defined | County | Los Angeles |
Additional Details
| AREA | Not Defined |
|---|---|
| LOT | 0.61 acre(s) |
| POOL | Yes |
| POOL DESCRIPTION | Fenced,In Ground,Private |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | LBR4R |
Location
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Listed with Morgan Skenderian
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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