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    516 W 10th Street

    Long Beach, CA 90813
    • $1,125,000
    • STATUS: Active
    • ON SITE: 29 Days
    • ID#: SB21215143
    UPDATED: 201 min ago
    $1,125,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Bread and Butter 4 unit in Willmore with (2) 2-beds upstairs and (2) 1-beds down. Laundry hook-ups in units. Separately metered for gas and electric. All Long term tenants with approximately 20% upside in rents. 15.6GRM and 3.6% cap at purchase and 13.2GRM and 4.5% Cap at Market Rents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-28T00:27:02.387. 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 The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/121870892
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    516 W 10th Street Long Beach, CA 90813

    • Price: $1,125,000
    • Status: Active
    • Updated: 201 min ago
    • ID#: SB21215143
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1921
    Built
    Neighborhood:
    Willmore District (Wm)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    Bread and Butter 4 unit in Willmore with (2) 2-beds upstairs and (2) 1-beds down. Laundry hook-ups in units. Separately metered for gas and electric. All Long term tenants with approximately 20% upside in rents. 15.6GRM and 3.6% cap at purchase and 13.2GRM and 4.5% Cap at Market Rents.
    Exterior Features

    Lot Features Near Park Number Of Separate Electric Meters 4 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features UrbanPark Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 72000 Gross Scheduled Income 72000 Insurance Expense 1600 Land Lease YN No Laundry Features Washer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 2740 Net Operating Income 44000 New Construction YN No New Taxes Expense 14000 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 28000 Other Expense 90 Pest Control Expense 375 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 650 Water Source Public Zoning Lbpd10

    Listing provided courtesy of Josh Ess of Buckingham Investments, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-28T00:27:02.387. 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 The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101