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246 Newport
Long Beach, CA 90803
Asking Price
$1.66M
Cap Rate
4.34%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Ideal Owner-User Opportunity in Desirable Belmont Heights <ul><li><span style="color: rgba(0, 30, 69, 1)">Ideal Owner-Occupant Opportunity: The two-bedroom home can be delivered vacant, offering a new owner the chance to occupy the home and utilize rental income to offset the mortgage</span></li><li><span style="color: rgba(0, 30, 69, 1)">Two-Bedroom Home Plus Three Apartments: Asset consists of a two-bed home, a duplex with one studio and one one-bed with an office, and a third building with a studio above a two-car garage</span></li><li><span styl
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NOI
$80,000
Cap Rate
4.83%
DSCR
0.81
Underwater
Cash-on-Cash
-3.68%
Monthly Payment
$8,188.037
Annual Cash Flow
$-18,256.444
