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555 Adams Street, Long Beach, CA 90805
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555 Adams Street
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  • MLS#: PW25079249 ( Apartment )
  • Street Address: 555 Adams Street
  • Viewed: 4
  • Price: $2,925,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 16
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90805
  • Provided by: Morgan Skenderian
  • Contact: Doug Doug
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    **Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $182,813/Unit & $283/SF** **9.84 GRM & 6.7% Cap Rate on Current Income** **7.98 GRM & 9.0% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** 555 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, 540 Adams, 560 Adams & 541 E. 64th Street
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Features
Building Area Total
  1. 10310.00
Carport Spaces
  1. 16.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 6319.00
Fuel Expense
  1. 6319.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2120.00
Insurance Expense
  1. 4445.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Community
Laundry Income
  1. 2700.00
Levels
  1. Two
Lot Features
  1. Lot 10000-19999 Sqft
Netoperatingincome
  1. 196476.00
Newtaxesexpense
  1. 40583.00
Number Of Separate Electric Meters
  1. 17
Number Of Separate Gas Meters
  1. 17
Otherexpense
  1. 1000.00
Otherexpensedescription
  1. misc
Parcel Number
  1. 7115028013
Pest Control Expense
  1. 960.00
Pool Expense
  1. 3160.00
Pool Features
  1. Private
  2. Fenced
  3. In Ground
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 436136693:CRM
Totalexpenses
  1. 91905.00
Trash Expense
  1. 6319.00
Uncovered Spaces
  1. 0.00
Vacancyallowance
  1. 8919
Water Sewer Expense
  1. 6319.00
Water Source
  1. Public
Workmanscompensationexpense
  1. 6000.00
Year Built
  1. 1958
Year Built Source
  1. Assessor
Zoning
  1. LBR4R