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484 Almond Ave, Long Beach 90802

  • House plus two other units on a large lot only blocks to the beach, Retro Row, and Downtown Long Beach
  • Rare Opportunity to own 3 units in Alamitos Beach for under $1M
  • 5 off street parking spaces
  • Quiet, tree-lined street
  • All utilities billed to tenants for minimal expenses
  • Roof recently replaced, $20k of foundation work done in front structure, sewer line partially replaced, some plumbing and electrical updates done
  • All three units recently remodeled
  • Strong income at 14X GRM
  • Great unit mix in dense rental market with low vacancy
  • Clean, professionally managed building with no deferred maintenance
current

UNITS: 3

GROSS RENT MULTIPLIER: 3%

CAP RATE:

AGENT: Test

PRICE

$995,000

ANNUAL INCOME

$69,780

ANNUAL NOI

$43,927

ANNUAL EXPENSE

$23,760

Rental Cost Details

# OF UNITS # OF BEDROOMS # OF BATHS ACTUAL RENT TOTAL RENT PRO FORMA TOTAL PRO FORMA
132$2,525$2,525$2,800$2,800
121$1,795$1,795$1,795$1,795
111$1,495$1,495$1,495$1,495
TOTAL # OF UNITS TOTAL # OF BEDROOMS TOTAL # OF BATHS GRAND TOTAL RENT GRAND TOTAL PRO FORMA
364 $5,815 $6,090
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