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    1085 Molino Avenue

    ,,

    8

    Unit

    $2,250,000

    Price

    Property Details

    Price Per Unit

    $281,250

    Price per SF

    $
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    Current Cap Rate

    4.10%

    Market Cap Rate

    5.69%

    Current GRM

    14.76

    Market GRM

    11.72

    1085 Molino Avenue

    ,,

    $2,250,000

    Price

    Property Details

    Price per SF

    $
    Warning: number_format() expects parameter 1 to be float, string given in /home/customer/www/steppcommercial.com/public_html/wp-content/themes/stepp_theme/single-property.php on line 313

    Price Per Unit

    $281,250

    Price per SF

    $

    Current Cap Rate

    4.10%

    Market Cap Rate

    5.69%

    Unit

    8

    Current GRM

    14.76

    Market GRM

    11.72

    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 protected]
    Travis Traweek 310.774.3741 [email protected]

    Request More Info





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