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953 E Carson Street
Long Beach, CA 90807
Asking Price
$1.60M
Cap Rate
5.28%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Great Bixby Knolls Location <ul><li>Well-maintained six-unit apartment building in Long Beach's affluent Bixby Knolls neighborhood</li><li>Desirable mix of three two-bed/one-bath and three one-bed/one-bath units with interiors that blend period charm like hardwood floors and built-ins with select upgrades</li><li>Property features four single-car garages and laundry facilities</li><li>20 Percent potential upside in rents</li><li>Strong tenant base: average household income within one mile is over $137,000</li><li>Pro
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NOI
$80,000
Cap Rate
4.98%
DSCR
0.84
Underwater
Cash-on-Cash
-3.18%
Monthly Payment
$7,940.664
Annual Cash Flow
$-15,287.971
