486 E Adair St | Long Beach, CA 90805
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- LoopNet Team
486 E Adair St
Long Beach, CA 90805
Multifamily Property For Sale · 4 Units
Investment Highlights
- Excellent Unit Mix: (1) 3 Bed/1 Bath (3) 1 Bed/ 1 Bath
- Stabilized Asset: With a CAP Rate of 5.34% and a GRM of 13.46 on current rents
- Strategic Positioning: This quadruplex sits on a 6,087 SF corner lot well-positioned in the vastly appreciating North Long Beach submarket
- Property Condition: The building is in excellent condition and all (4) units have been extensively remodeled with professional grade finishes.
- Secured Access & Parking: The gated entry ensures secured access to the property and each tenant is offered (1) assigned parking space on site
PROPERTY FACTS
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Building Size | 2,800 SF | Year Built | 1939 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 2,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1939 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $3,200 | - |
| 1+1 | 3 | $1,940 | - |
zoning
| Zoning Code | LBR3T |
| LBR3T |
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