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Home Off Market
935 N Washington Place
Long Beach, California 90813
Los Angeles CountyCommunity: Poly High (PH)
$2,895,000
0 br, 0.0 bath
5912 sq. ft.
0.144 acres
10 Units in two buildings in dense rental market just North of Downtown Long Beach. Recently renovated property including exterior refresh, landscaping, lighting, and windows. 8 out of 10 units have been upgraded with vinyl plank floors, new cabinets, quartz countertops, and new bathrooms. Well priced on actual income at 14.38X gross with a 9% upside to a market GRM of 13.22. Great unit mix of five 2 Bed/1 Bath units, three 1 Bed/1 Bath units, and two studios. Three garages in front of the building with the potential for an ADU conversionmunity laundry room for extra income. Leased solar system on back building for electrical savings. Perfect 1031 exchange upleg property!
Interior:
- Bedrooms: 0
- Baths: 0.0
- Sq Ft: 5912
- Year Built: 1956
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.144 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof: Unknown
- MLS #: SB22082677
Contact Information:
Ad Number: 2634749
Viewed 39 times.
Updated: Apr 22, 2022
This property is a Home located at 935 N Washington Place, Long Beach, California 90813, and is currently Off Market at $2,895,000. This Home has 0 bedrooms, 0.0 baths, 5912 sq ft.
