425 W 4th
Long Beach — 7 units / 5,796 sf building
Listing Agent: Daniel Gomez, Younglewin Advisors, Inc.
1 / 13Units
6
Building Size
4,600 sf
Lot Size
5,364 sf
Status
Active
Listing Agent: Steve Gamez, P.R.S. Properties
Long Beach
419 Cedar
About This Property
Great Downtown location blocks away from shopping, restaurants and so much more. Lower level contains a " MEETING ROOM"with its own bath. By adding a shower a stove and a front door- could potentially be a LOW COST ADU adding at least 1500.00 per month to income. (2) 1 bedroom tenants have given notice so there is potential for market rents. Classic building with great unit mix (1) 2 bedroom unit (4) 1 bedroom units and (1) studio unit along with (2) garages which potentially be a 2nd ADU. Laundry room leased for additional income. Nice backyard. Substantial upside in rents. Security cameras. Current Cap rate of 6 With 30% down, a new borrower could get a new loan of 70% LTV
Unit Mix
- 1 unit · 2bd / 1ba
- 4 units · 1bd / 1ba
- 1 unit · 0bd / 1ba
Neighborhood
This property is located in Long Beach. Want to learn more about the area?
Explore CommunitiesAsking Price
$1,595,000
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Listing Agent
Steve Gamez
P.R.S. Properties
