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435 W 11th Street
USD 2,049,000
Property ID: 25528237
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435 W 11th Street ,90813
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icon 9685 SqFt
icon Built in 1936
icon USD 212/SqFt
icon 14 Beds
icon 9 Full
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Location
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Interior Details
Bedrooms
14
Bathrooms
9
Interior Size
6395
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1936
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Detailed Introduction Of This Home
Priced to sell at 10.3 GRM and 6.3% CAP with upside to 9.6 GRM and a 7.0% CAP. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.8%). Located on the West Side blocks from Downtown Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree-lined street. The property is professionally managed and well-maintained. All units have their own private parking included, and most have a private outdoor patio. All have W/D hookups. All units have their own water heater. A new owner can raise rents to market and achieve a 9.6 GRM and 7.0% CAP. Earn over a 9% cash-on-cash return at market rents. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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435 W 11th Street
USD 2,049,000 14 Beds
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