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541 E 64th ST Long Beach, CA 90805
0.31 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25079294
HOA Y/N No
Year Built 1960
Lot Size 0.310 Acres
Property Sub-Type Apartment
Property Description
**Excellent North Long Beach Location Across From Jordan High School & Houghton Park**
**Priced at $180,000/Unit & $282/SF**
**10.08 GRM & 6.8% Cap Rate on Current Income**
**7.87 GRM & 9.5% Cap Rate on Market Rents**
**First Time on the Market in Decades**
----The 64th Street Apartments offer an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy covered parking, gated access and an on-site laundry room.
----Also for sale are neighboring properties of 520 Adams, 540 Adams, 555 Adams & 560 Adams
**Priced at $180,000/Unit & $282/SF**
**10.08 GRM & 6.8% Cap Rate on Current Income**
**7.87 GRM & 9.5% Cap Rate on Market Rents**
**First Time on the Market in Decades**
----The 64th Street Apartments offer an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy covered parking, gated access and an on-site laundry room.
----Also for sale are neighboring properties of 520 Adams, 540 Adams, 555 Adams & 560 Adams
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LBR4R
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 16
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 16
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7115028005
Energy Description 5435.0
Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Doug Rodermund • Morgan Skenderian • dsr@morganskenderian.com