2315 EARL Avenue

About This Property

Only 8.39 x gross and 9.16% cap rate on existing rents and expenses. Cash flow approx. $2,822 monthly with 25% down. Approx. 15% cash on cash return. See cash flow analysis in Media. Built in 1987 to condo specifications. Fully occupied. Four 2 br. 1.5 ba. and four 1 br. 1 ba. units. Three story security building with first floor parking garage with 16 parking spaces. Located in nice area of Wrigley in area with mix of single family homes and small apt. buildings. Owner has recently spent approx. $40,000 on new roof, new exterior paint, etc. All bad wood has been replaced and termite work has been completed. Some units have new carpet, flooring and interior paint. Income producing laundry room (currently non-operational, could add additional $300 month income). Income and expenses shown are ACTUAL. Current 1st TD of $580,045 at 6.02% with Chase is assumable. May be possible to purchase with just 20% down. See Loan Quote in Media.

Unit Mix

• 2 units · 2bd / 1ba
• 1 unit · 1bd / 1ba

Neighborhood

This property is located in Long Beach. Want to learn more about the area?