1085 Molino Avenue

1988

Year Build

$2,250,000

Price

Property Details

Current Cap Rate

4.10%

Market Cap

5.69%

Current GRM

14.76

Market GRM

11.72

25907 Oak Street

25907 Oak Street | Lomita, CA 90717

$10,750,000

Price per Unit

Property Details

Tyler Leeson

$10,750,000

Building Size

23,312 SF

Number Of Units

23

Cap Rate

3.69%

Total Lot Size

23,312 SF

Year Built

23

Number Of Units

23

Year Built

23

Description

1085 Molino Avenue is an 8-unit multifamily investment located in desirable Eastside Long Beach with a 91 walk score. Built in 1988, the property features all spacious two-bed / two-bath units, secure parking with 12 spaces, onsite laundry and a sizable garage storage unit.

This asset offers a new buyer rental upside potential of +/-22% along with the ability to earn additional income from renting out the extra parking spaces and garage storage unit.

Highlights

+/-22% Rental Upside Potential
Highly Sought-After 1980’s Construction
100% Spacious 2BD / 2 BA Units
Extra Income Potential from Storage Unit in Garage (+/-100SF)
Extra Income Potential from Renting Extra Parking Spaces in Rear of Building

Map

Brokers

Robert Stepp 310.774.3740 Email: [email protected]

Travis Traweek 310.774.3741 Email: [email protected]