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516 W 10th, Long Beach 90813

  • Well-located 4 unit property just outside of Downtown Long Beach
  • Major value add potential with a 20% upside on actual income
  • Laundry hook-ups in units
  • Separately metered for gas and electric
  • Strong GRM on market rents of 13.2 GRM and 4.5% Cap Rate
  • Attractive 30-year fixed residential financing available
  • Dense rental market with low vacancy
current

Download Offering Memorandum

UNITS: 4

GROSS RENT MULTIPLIER: 15.63

CAP RATE: 3.6

AGENT: Josh Ess

PRICE

$1,125,000

ANNUAL INCOME

$71,988

ANNUAL NOI

$40,039

ANNUAL EXPENSE

$28,349

Rental Cost Details

# OF UNITS # OF BEDROOMS # OF BATHS ACTUAL RENT TOTAL RENT PRO FORMA TOTAL PRO FORMA
121$1,600$1,600$2,000$2,000
121$1,600$1,600$2,000$2,000
111$1,400$1,400$1,550$1,550
111$1,400$1,400$1,550$1,550
TOTAL # OF UNITS TOTAL # OF BEDROOMS TOTAL # OF BATHS GRAND TOTAL RENT GRAND TOTAL PRO FORMA
464 $6,000 $7,100