318-320 E Market St, Long Beach, CA, 90805
5beds
4baths
2,160sqft
$1,369,000
$634price/sqft
$8,343/moest. monthly cost
$333,720/yrincome needed
About This Home
Welcome to 318-320 East Market Street, a turnkey income opportunity featuring 3 residential units and 1 commercial storefront currently used as a barbershop. All 4 units will be delivered with month-to-month tenants paying at or above market rates, with current gross monthly rent at $7,755. The property is in good marketable condition with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design. Solid CAP RATE and GRM. Run the numbers yourself, you won't want to miss this one.
Getting Around
83
Very Walkable50
Good Transit60
BikeableSchools
5/10
3/10
3/10
Construction
Condition
- Year built: 1940
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Water Heater
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
Features
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Heating & Cooling
- Heating features: Has Heating (Unspecified Type)
- Cooling features: None
Interior Area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
Property
Details
- Parcel number: 7131004004
- Attached to another structure: Yes
- Zoning: LBCMR
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Lot size: 5,654 sqft
Parking
- Total spaces: 2
- Parking features: Driveway