1746 E 10th Street, Long Beach, CA 90813
Property · 2 recorded sales since 2014
Sold June 2019
Listing Agent: Robert Stepp (DRE #01456379) · Listing Office: Keller Williams Pacific Estate · Contact: 562-513-7800 · Bought with: John Alden · Buckingham Investments, Inc · MLS #PW19045640 · Source: CRMLS
About this property
1746 E 10th Street is a seven-unit stabilized asset with an additional bonus studio unit in the highly desirable Eastside rental market of Long Beach, just minutes to shopping, dining and nightlife amenities along Fourth Street/Retro Row. The property features bright and open floor plans with an attractive mix of five two-bedroom/one-bath units, two one-bedroom/one-bath units and one non-conforming studio unit. Building improvements include a brand new roof and ABS plumbing installed in 2018. The building is separately metered for gas and electric, and three separate garages provide additional income potential. With a 5.80% cap rate and 11.43 GRM on actuals, this property presents buyers with a strong stabilized asset with 11% rental upside in a solid rental submarket. The area surrounding Rose Circle Park, known for its enclave of desirable 1910- 1922 Craftsman Bungalows, has developed into a bustling, walkable neighborhood offering many dining, nightlife and retail amenities. Eclectic and hip Fourth Street Retro Row is a popular destination for its selection of vintage and contemporary clothing, furniture, and art antiques as well as locally-owned restaurants, coffee shops and wine bars.
Listing description from the June 2019 sale, as reported to CRMLS.
Sale history
