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679 Obispo Ave
Long Beach, CA 90814
Asking Price
$1.35M
Cap Rate
4.7%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 6 Units | $337,500/unit <ul><li>Perfectly located Historic Rose Park South four unit property on the market for the first time in nearly 25 years.</li><li>Excellent unit mix with two large 2 bed/1 bath units and two 1 bed/1 bath units full of historic charm and natural light, all with recently updated interiors.</li><li>Deep lot with a detached 3 car garage plus 3 parking spaces, and a rear patio ideal for ADU development.</li><li>Well priced on actual income at 12.5X GRM plus a 12% upside to 11.2X GRM and 5.6% cap
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NOI
$80,000
Cap Rate
5.93%
DSCR
1.00
Underwater
Cash-on-Cash
-0.04%
Monthly Payment
$6,679.063
Annual Cash Flow
$-148.761
