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560 Adams Street, Long Beach, CA 90805
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560 Adams Street
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  • MLS#: PW25079277 ( Apartment )
  • Street Address: 560 Adams Street
  • Viewed: 4
  • Price: $2,880,000
  • 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
    **Mix of Studio, 1 & 2 Bedroom Units** **Priced at $180,000/Unit & $282/SF** **7.89 GRM & 9.2% Cap Rate on Market Rents** **Excellent North Long Beach Location Across From Jordan High School & Houghton Park** **Pride of Ownership Property** 560 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, 555 Adams & 541 E. 64th Street
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Features
Assessments
  1. Special Assessments
Building Area Total
  1. 10212.00
Carport Spaces
  1. 16.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 6716.00
Fuel Expense
  1. 6716.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2000.00
Insurance Expense
  1. 4494.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
Levels
  1. Two
Lot Features
  1. Lot 10000-19999 Sqft
Netoperatingincome
  1. 159030.00
Newtaxesexpense
  1. 39975.00
Number Of Separate Electric Meters
  1. 17
Number Of Separate Gas Meters
  1. 17
Otherexpense
  1. 1000.00
Otherexpensedescription
  1. misc
Parcel Number
  1. 7115028008
Pest Control Expense
  1. 962.00
Pool Expense
  1. 3215.00
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. 436139122:CRM
Totalexpenses
  1. 89845.00
Trash Expense
  1. 6716.00
Uncovered Spaces
  1. 0.00
Vacancyallowance
  1. 7697
Water Sewer Expense
  1. 6716.00
Water Source
  1. Public
Workmanscompensationexpense
  1. 6000.00
Year Built
  1. 1958
Year Built Source
  1. Assessor
Zoning
  1. LBR4R