Property · 2 recorded sales since 2017
Listing Agent: Patti Martin (DRE #00335168) · Listing Office: Pelican Properties · Contact: 562-343-1920 · Bought with: Dale Jervis · Century 21 Jervis & Associates · MLS #PW19119467 · Source: CRMLS
Four unit apartment community on large lot in Eastside area of Long Beach with 5 parking spaces. The property is priced at just $247,500 per unit which is 15 X gross and a cap rate of 4.3. Front units were built in 1925 comprised of (2) 2 bedroom 1 bath units. Back units were built in 1960 and comprised of (2) 1 bedroom 1 bath each. Each unit has a private storage shed at rear of property.
Listing description from the July 2019 sale, as reported to CRMLS.