Property Detail

318 Market

Long Beach CA 90805

$1,249,000

Status: Active

Property Details

Description

318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. All 4 units will be delivered occupied with tenants paying at or above market rates. At the list price, the property has outstanding fundamentals with a 6.5 CAP RATE and 12.35 GRM. To make this one even better, all units are in good marketable condition, with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design in the residential units. The seller is motivated. This is one you don't want to miss.

Map Location

×