495 E. Market Street,Long Beach, CA 90805
Unit
Price
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Current GRM
Market GRM
495 E. Market Street,Long Beach, CA 90805
Price
Price per SF
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Unit
Current GRM
Market GRM
475-495 E. Market Street is an 8-unit apartment property with a church situated on an oversized lot of 25,524 square feet in Long Beach, California.
This rare property consists of (4) 1 BD/1 BA units, (3) 2 BD/1 BA units, and (1) 3 BD/2 BA. The 4,000-square foot existing church can be used as-is, or could potentially be used to add additional units*.
Ample parking is available on the site, with 21 surface spaces and two (2)garages, which could also be converted to a 1 BD/1 BA ADU. Laundry facilities are located onsite for additional income.
The property is well-located with convenient access to the 710 605, and 405 freeways.
*Buyer to verify with Long Beach Building and Safety/Planning Department
