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3930 E. 11th Street

,,

8

Unit

$2,150,000

Price

Property Details

Price Per Unit

$268,750

Price per SF

$
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Current Cap Rate

4.20%

Market Cap Rate

6.09%

Current GRM

14.51

Market GRM

11.13

3930 E. 11th Street

,,

$2,150,000

Price

Property Details

Price per SF

$
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Price Per Unit

$268,750

Price per SF

$

Current Cap Rate

4.20%

Market Cap Rate

6.09%

Unit

8

Current GRM

14.51

Market GRM

11.13

Description

3930 E. 11th Street is an 8-unit apartment building located in desirable Eastside/Traffic Circle, Long Beach.  Built in 1988, the building features all spacious two-bed /two-bath units, secure  parking with 12 spaces and onsite laundry.

This asset offers a new buyer rental upside potential of +/-28% along with the ability to earn additional income from renting out the extra parking spaces.

Highlights

  • +/-28% Rental Upside Potential
  • Highly Sought-After 1980’s Construction
  • 100% 2 BD / 2 BA Units
  • Extra Income Potential from Renting Extra Parking Spaces in Rear of Building
  • Popular Eastside / Traffic Circle Long Beach Location

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