623 E Broadway

Long Beach, CA 90802
Baths
12
Square Ft.
5,020
$2,250,000
12 Renovated Non-Rent Controlled units only ~3 blocks away from the Ocean cash flowing at an amazing Current Cap Rate of 6% from day 1 with easily achievable upside to 7.5% Cap Rate on Proforma. Priced at only 187k per unit for a Non-LA-City rent controlled asset allowing significant 8%Read MoreRead Less
Property listed by Global Platinum Properties, Inc., Armin Soleimani 424-394-1030
Listing Snapshot
Days Online
0
Last Updated
Square Ft.
5,020
Lot Size
0.08 Acres
Year Built
1923
MLS Number
26684117
Property Location Map
Additional Details
Building
Built in 1923, Living area: 5020.0, 1 building, Levels: Two
Heating
WallFurnace
Income
Gross Income: $195,348, Net Operating Income: $134,954
Interior Features
CeilingFans
Lot
0.0759 acres
Parking
OnStreet
Property
CityLights
Taxes
Parcel Number: 7281014017, Zoning: LBPD30
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Keith Richardson
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.