2825 E Cade Street, Long Beach, CA 90805

About this property

This property runs incredibly smoothly - low maintenance and long term tenants. Expenses reported are actual expense figures for the past 12 months. All units have been improved, and there is room to increase rents. Rents ARE below market! Tenants pay their own electricity, gas and trash and owner pays water and home meter trash only. The property is easy to maintain (mostly cement), and there a 3 garages included in the rent of three current tenants. This property will not last long at 12.4 GRM and 5.67% cap on current rents, and 11 GRM and 6.5% cap on market rents.

Listing description from the August 2016 sale, as reported to CRMLS.

Sale history

$800,000

Sold August 2016 · listed $825,000, orig. $849,000, on market May 2016 · MLS #RS16096574 · Source: CRMLS

Listing Agent: Michael Borba · Listing Office: Borba Investment Realty · Contact: 562-924-3858 · Bought with: Brad Davidson · We Help U Buy Realty

$540,000

Sold August 2013 · listed $555,000, on market June 2013 · MLS #PW13105488 · Source: CRMLS

Listing Agent: Vee Vinhnee · Listing Office: Main Street Realtors · Contact: 562-438-0910 · Bought with: Michael Borba · Borba Investment Realty

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