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Listed by Teresa Fuller, DRE #01315387 • COMPASS
$1,295,000
Est. payment /mo
5,654 Sqft Lot
Price Dropped by $74K
318 320 E Market ST Long Beach, CA 90805
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-28074
Year Built 1940
Lot Size 5,654 Sqft
Source California Regional MLS
Property Description
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.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Cooling None
Laundry Other
Exterior
Parking Features Other
Garage Spaces 2.0
Pool 31, None
View None
Building
Water Hot Water
Others
Tax ID 7131004004
Special Listing Condition Not Applicable
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