Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscal.com +1(858) 753-3353UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24229677
Bedrooms 5
HOA Y/N No
Lot Size 7,468 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
New Pricing and Recent Rent Increases! Now a 6.21% Cap Rate at List Price. We are pleased to present a very well maintained 14- unit apartment in a fantastic East Village location. The building was built in 1964 and features 4 one-bedroom units, 4 two-bedroom units, and 6 two-bedroom two bath units. Current ownership has taken extremely good care of these buildings and over the years has replumbed the building, upgraded the electrical, installed new windows, installed a new roof and in general created a turnkey asset or a new investor. The current rents are slightly below market allowing a new owner to raise rents without turnover.
Location
State CA
County Los Angeles
Area Long Beach (90802)
Zoning Assessor
Interior
Heating Natural Gas
Building
Lot Description Curbs, Sidewalks
Story 3
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $226
Acceptable Financing Cash, Exchange
Space Rent $1,830
Listing Terms Cash, Exchange
MORTGAGE CALCULATOR
If I tour a home, I understand Kobe Zimmerman will be my touring agent. Touring a home is free. If I use Kobe Zimmerman to buy a house, his fee is 2.5% of the purchase price. This fee is negotiable by law. I am not obligated to pay this fee and understand that Kobe will request that this fee be paid by the seller.