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245 E ARTESIA BLVD
LONG BEACH, CA 90805
Asking Price
$1.70M
Cap Rate
6.1%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
5 Units | Long Beach | Plans Approved for 2 ADUs <ul><li>Plans Approved for (2) 2BD/1.5BA ADUs - $60K Additional Rental Income</li><li>Desirable Mix of Sizable (1) 3BD/2BA + (4) 2BD/2BA Units, Average ~1,287 SF</li><li>3BD/2BA Unit Features High Beam Ceilings and In-Unit Washer/Dryer</li><li>All Units Updated with New Flooring and Paint Throughout</li><li>Newer Roof Approx. 3 Years Old; Partially Updated Electrical</li><li>Laundry Machines Owned and Providing Ancillary Income</li></ul>
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NOI
$80,000
Cap Rate
4.72%
DSCR
0.79
Underwater
Cash-on-Cash
-4.06%
Monthly Payment
$8,385.935
Annual Cash Flow
$-20,631.222
