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1735 E 10th St

Long Beach CA 90813

22
14
11
10253 sq. ft.
12823 sq. ft.
Other
Currently for sale - view listing

Overview

Priced to sell at 9.7 GRM and 6.6% CAP with upside to 9.3 GRM and a 7.0% CAP. 14 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located on the East Side. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. The property features an excellent unit mix of 1 and 2 bed units with 11 open parking spaces in the rear. The exterior and all interiors were updated in 2019. Unit interiors feature updated flooring, kitchen counter tops, lighting and paint. EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Features

22 bedrooms
14 bathrooms
11 carspaces
10253 sq. ft. floor area
12823 sq. ft. lot size
Other

Property history for 1735 E 10th St

2022
Sold
$3,550,000
22 Sep 2022 by Jonathan Swire, of The Agency
2008
Sold
Undisclosed
27 Jun 2008

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