**Pride of Ownership Community Across From Jordan High School & Houghton Park**
**Priced at $180,000/Unit & $279/SF**
**9.69 GRM & 6.8% Cap Rate on Current Income**
**7.84 GRM & 9.2% Cap Rate on Market Rents**
**Easy Upside in Rental Income for a New Owner**
----540 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits 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 520 Adams, 555 Adams, 560 Adams & 541 E. 64th Street
10,310 Sq Ft
0.3217 Private Acres Exterior Space
Apartment
Built in 1958
MLS/Listing ID PW25079195
2 Stories
16 Units
Pool - Fenced
Common Area
Community - Sidewalks
Community - Gutters
Community - Curbs
Pool - Private
Pool - Inground
Listing Courtesy of MORGAN SKENDERIAN, DOUG RODERMUND - 949-432-4726
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE