PRICED TO SELL - 9.9X GRM AND 6.8% CAP AT MARKET RENTS. This is the building your client wants. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 12.5 GRM and a 4.8% CAP with upside to a 6.8% CAP and under 10 GRM. Built in 1986 the property is professionally managed and well maintained. Copper Plumbing, Onsite Parking, this property has it all. All units are 2 bed/2bath and have updated kitchens, baths and flooring. 12 onsite parking for 8 units as well as onsite laundry. There is onsite laundry onsite. The electrical is Siemens - it's a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Email LA for more information including a current Rent Roll and actual expenses.
