1209 E 2nd Street, Long Beach 90802
Beautiful vintage charm property centrally located in the prime are of Alamitos Beach in the city of Long Beach. Compromised of four large one bedroom units the includes a refrigerator, stove and wall heater. Blocks from the ocean, restaurants, parks, coffee shops, metro and bus stops. Look no further and add this to your portfolio.
sold
UNITS: 4
GROSS RENT MULTIPLIER: 5%
CAP RATE:
PRICE
$1,080,000
ANNUAL INCOME
$51,664
ANNUAL NOI
$27,657
ANNUAL EXPENSE
$14,735
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 4 | 1 | 1 | $4,425 | $17,700 | $4,960 | $19,840 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 4 | 1 | 1 | $17,700 | $19,840 |
