1505 E. 11th Street,Long Beach, CA 90813
Year Built
Price
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Current GRM
Market GRM
1505 E. 11th Street,Long Beach, CA 90813
Price
Price per SF
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Year Built
Current GRM
Market GRM
1505 E. 11th Street is a 21-unit investment asset situated on a 10,202 square foot lot in Long Beach, California.
This controlled-access property offers a mix of (10) 2BD / 1.5BA townhouse-style units, (2) 2BD / 1BA units, (6) 1BD / 1BA units and (3) studio units around a central courtyard.
Seven of the units have been remodeled with new flooring, paint, modern fixtures. Kitchen upgrades include granite counters, stainless steel appliances, all new cabinetry and fixtures throughout. Bathroom upgrades include new counters, tile flooring, tubs, toilets and fixtures.
The property provides onsite laundry facilities and parking is available with eight garages and one additional space. The property has copper plumbing throughout and gas and electricity are separately metered.
This asset has been well-maintained and provides a new buyer with over 18% rental upside potential.