920 N Washington Place, Long Beach, CA 90813

About this property

920 North Washington Place, a six-unit apartment building located in Long Beach, California. The subject property is located a block East of Alamitos Avenue and a block South of 10th Street. This investment presents a stable, low expense opportunity with a 5.41% Cap Rate and 8.78% total return on current income. The unit mix of this three-story building consists of (6) large. 700 square foot one bedroom and one bath units totaling 4,200 square feet.
 
 - Extensive Interior and Exterior Renovations
 - Substantial Upside in Rents
 - Stable, Low Expense Opportunity

Listing description from the June 2017 sale, as reported to CRMLS.

Sale history

$985,000

Sold June 2017 · listed $995,000, orig. $1,000,000, on market March 2017 · MLS #OC17069250 · Source: CRMLS

Listing Agent: Greg Bassirpou · Listing Office: Marcus & Millichap RE Invest · Contact: 949-419-3200 · Bought with: Jon Swire · The Agency

$750,000

Sold February 2016 · listed $800,000, orig. $850,000, on market October 2015 · MLS #PW15219089 · Source: CRMLS

Listing Agent: Kevin King · Listing Office: Marcus & Millichap · Contact: 562-257-1200 · Bought with: Greg Bassirpou · Marcus & Millichap RE Invest

Explore Long Beach