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3627 E. Vermont Street

3627 E. Vermont Street,Long Beach, CA 90814

2

Unit

$1,400,000

Price

Property Details

Price Per Unit

$700,000

Price per SF

$516

Current Cap Rate

3.63%

Market Cap Rate

3.96%

Current GRM

17.34

Market GRM

16.32

3627 E. Vermont Street

3627 E. Vermont Street,Long Beach, CA 90814

$1,400,000

Price

Property Details

Price per SF

$516

Price Per Unit

$700,000

Price per SF

$516

Current Cap Rate

3.63%

Market Cap Rate

3.96%

Unit

2

Current GRM

17.34

Market GRM

16.32

Description

INVESTMENT SUMMARY
3627 E. Vermont Street is a 2-unit property located in prime Belmont Heights. Newly built in 2017, the property is not subject to rent control. Tenants pay all utilities.

The property is comprised of (1) 3BD / 2.5BA unit and (1) 2BD / 1.5BA unit with private backyard areas for each. The large, bright units feature 12-foot high ceilings, custom flooring, recessed lighting, granite countertops, and in-unit washer/dryers.

3627 E. Vermont is located in the highly desirable Belmont Heights neighborhood and offers tenants the best of Long Beach living.

Highlights

  • Desirable Unit Mix of (1) 3BD/2.5BA + (1) 2BD/1.5BA
  • Units Feature 12′ High Ceilings and In-Unit Washer/Dryers
  • Newly-Built in 2017 – Not Subject to Rent Control
  • Tenants Pay All Utilities
  • Prime Belmont Heights Location

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