3 Units - Long Beach: Property For Sale

Properties For Sale 3 Units - Long Beach

3 Units - Long Beach

2430 Atlantic Ave., Long Beach 90806

DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.

Offered at:
$1,250,000

Property Description

Single story 3 unit complex. Front Duplex built in 1920 is comprised of: (1) 4 Bedroom / 1 Bath and (1) 2 Bedroom / 1 bath Units. Long Private Driveway with 5 open parking spaces. The detatched house in the rear of the property was built in 1949 and is a spacious 4 bedroom 2 bath. Long Term ownership with rents approxiamately 25% below market. Pro Forma assumptions based on verifiable bedroom/bathroom counts from the county records. * Part of a 6 Building 58 Unit Portfolio*

Why Invest in Long Beach Real Estate?

The Long Beach real estate market presents some quite attractive options to potential investors. Not only does Long Beach boast high demands for both residential and commercial units, it is about to have its multi-family home offer expanded so it can accommodate a wide range of investment opportunities.

Known for its lush green surfaces and abundance of leisure activities, Long Beach is considered to be the ideal spot for weekend getaways and family vacations by many domestic visitors. Thanks to a growing economy, based on hospitality, transportation, and retail sectors, the city boasts one of the fastest-growing household incomes in the US.

All this means that Long Beach real estate investors can benefit from high rents and high demand for rental properties as young professionals flock to the California city for job opportunities and to be close to the beach.

What are the Best Neighborhoods to Invest in Long Beach

With private development projects underway, it seems that the multi-family housing market in Long Beach is about to experience a boom. This will affect both the availability and prices of properties in the city, but it might just provide the perfect opportunity for real estate investment.

Income

One 2-Bedroom 1-Bath $1,200
One 4-Bedroom 1-Bath $2,000
One 4-Bedroom 2-Bath $2,000
Monthly Total $5,200

Cash Flow Analysis

Gross Scheduled Income $64,800
Operating Expenses $23,418
Net Operating Income $41,382

Acquisition Data

Down Payment $312,500 (25%)
Loan Amount $937,500 (75%)

Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.

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