318 320 E Market St
long beach, CA 90805US$1,295,000
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318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. All 3 residential units will be delivered occupied with tenants paying at or above market rates. The commercial storefront will be delivered vacant so you can ask full market rent from your new tenant. At the list price, the property has outstanding fundamentals with a pro forma 5.3 CAP RATE and 12.8 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.
Details
2,160 Sq Ft
5,654 Sq Ft Lot Size
investment
Built in 1940
MLS/Listing ID P1-28074
2 Stories
Amenities & Features
Parking - Driveway
Inside
Community - Sidewalks
Community - Street Lights
Water Heater
Estimate my mortgage
TOTAL MONTHLY COST
US$0
- PRINCIPAL & INTEREST
US$0
- PROPERTY TAXES
US$0
- Common Charges
US$0
HOME PRICE
DOWN PAYMENT
TERM
INTEREST
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.