318 320 E Market Street

Long Beach, CA 90805
Property listed by COMPASS, Teresa Fuller 626-205-4040
$1,295,000
318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. All 4 units will be delivered occupied with tenants paying at or above market rates. At the list price, the property has outstanding fundamentals with a 5.2 CAP RATE and 12.8 GRM.… Read MoreRead Less
Listing Snapshot
Days Online
81
Last Updated
Lot Size
0.13 Acres
Year Built
1940
MLS Number
P1-28074
Property Location Map
Additional Details
Appliances & Equipment
WaterHeater
Building
Built in 1940, 2 buildings, Levels: Two
Community
StreetLights, Sidewalks
Cooling
None
Expenses
Gardener: $1,800, Insurance: $5,800, Operating: $19,452.8, Water/Sewer: $2,496
Fireplaces
None
Home Owner's Association
Association Fee: $0
Income
Gross Income: $93,060, Gross ScheduledIncome: $93,060, Net Operating Income: $73,607.2
Laundry
Inside
Lot
0.1298 acres
Parking
2 total parking spaces, Driveway
Pool
None
Taxes
Parcel Number: 7131004004, Lot: 291, Tract: 5134, Zoning: LBCMR
Tenant Pays
Electricity, Gas, GroundsCare, PestControl, Repairs, SeeRemarks, TrashCollection
Utilities
4 separate electric meters, 4 separate gas meters
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Laura Grabher
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.