CA > Long Beach
Long Beach, CA 90805,540 E Adams Street
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Long Beach, CA 90805,540 E Adams Street
Long Beach, CA 90805,540 E Adams Street
Long Beach, CA 90805,540 E Adams Street
Long Beach, CA 90805,540 E Adams Street
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 2,795,000
Est. payment /mo
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Pending

540 E Adams Street Long Beach, CA 90805

1 Bed

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW25079195

Bedrooms 1

Property Sub-Type Res Income 2-4 Units

Property Description

**Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $174,688/Unit & $271.10/SF** **9.32 GRM & 7.3% Cap Rate on Current Income** **7.61 GRM & 9.7% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** ----540 E. Adams Street offers 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 a community pool, covered parking, gated access and an on-site laundry room. --------Also for sale are neighboring properties of 520 Adams, 555 Adams, 560 Adams & 541 E. 64th Street

Location

State CA

County Los Angeles

Zoning Assessor

Direction South of Artesia Blvd and West of Atlantic Ave

Interior

Fireplace No

Exterior

Pool Below Ground, Private

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7115028009

MLS Router / San Diego MLS
Listed by Doug Rodermund Morgan Skenderian
Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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540 E Adams Street

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