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1735 E 10th St
Long Beach, CA 90813 Downtown Long Beach

$3,049,000 USD

Apartments For Sale • 10,253 SF

Property Details

Property Type Apartments
Total Building Size 10,253 SF
Lot Size 0.29 AC
Building Class C
Year Built 1928
Cap Rate 6.30 %
Zoning R2N, Long Beach

50 Transit Score

88 Walk Score

                
                    Highlights
                
                                Priced to sell at 9.9 GRM and 6.3% CAP with upside to 9.3 GRM and a 7.0% CAP.
                            
                                NOT Subject to local Rent Control. 
                            
                                EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS. 
                            
                                EMAIL LISITNG AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM. 
                            
                                All interiors and exterior recently updated. 
                            
                                11 onsite parking spaces.

Financial Summary

Cap Rate:

6.30 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Long Beach Movers

Amenities

Air Conditioning
Laundry Facilities
Kitchen
Refrigerator
Oven
Range
Tub/Shower

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	8 min	-	3.5 mi
John Wayne/Orange County	29 min	-	20.4 mi
Los Angeles International	33 min	-	22.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	11
Type:	Surface
Included in Rent:	Yes

Jon Swire 310-948-2631 The Agency

1735 E 10th St Long Beach, CA 90813 Downtown Long Beach