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Apartments For Sale • 55,522 SF
| Major Capital Improvements | The property has undergone extensive capital improvement including re-tiling of all roofs and new electrical subpanels. |
| Interest Only Assumable Loan | The property is encumbered with an assumable loan of $10,000,000, interest-only at a fixed rate of 5.55% for 5 years. |
| Oversized Floorplans | The layout of the property is incredibly unique comprising of 10 different structures and 34 out of the 49 units are townhomes. |
| Immediate Rental Upside and 5 Vacant Units | With five units vacant and occupied units well below market rate, this is a terrific value-add deal. |
| Oversized Lot with Beautiful Trees, Ample Parking and Amenities | Residents can enjoy ample on-site parking, on-site laundry facilities, and a pool. |
| Cap Rate: | 3.80 % |
| Total Expenses: | $470,867 USD |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Long Beach (Daugherty Field) | 27 min | - | 15.5 mi |
| Los Angeles International | 26 min | - | 16.1 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 72 |
| Type: | Covered |
| Included in Rent: | Yes |
John Katnik
BRC Advisors - BH, Inc.
John Katnik
BRC Advisors - BH, Inc.
