12 bedroom house for sale
$2,650,000 - Long Beach CA 90805Long Beach CA 90805
12 bedroom house for sale
- Beds: 12
- Baths: 12
- Price: $2,650,000
- Reference No.: 69683115
- Area: 6,966 sqft
Advertisement
Overview
Priced at only 258k/door in the heart of Long Beach, it offers not only 6 fully renovated residential units upstairs but also 4 retail spaces (with RTI plans to convert to 4 residential units) + nearly RTI plans to convert the attached garages into 2 attached (1bed/1bath) ADUsPrice Reduction! 12-unit project cash flowing at an amazing 8.35% Cap Rate and 7.9 GRM after taking into account all construction costs! Priced at only 258k/door in the heart of Long Beach, it offers not only 6 fully renovated residential units upstairs but also 4 retail spaces (with RTI plans to convert to 4 residential units) + nearly RTI plans to convert the attached garages into 2 attached (1bed/1bath) ADUs. The 6 residential units (100% occupied) have been already fully remodeled and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. Additionally, each unit is individually metered for gas and electricity. The large 9, 180 SF lot comes with ~9 open parking spaces as well as ~4 garage spaces. Price/Unit, Cap Rate and GRM are based on Total Price for the sake of conservatism, which includes the construction cost of 4 retail conversions at 75k/unit (300k) + 2 attached ADUs at 75k/unit (150k) for a total project cost of 450k offering a remarkable Cap Rate of 8.35% and 7.9 GRM after including all construction costs. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i69683115
House Long Beach
This House for sale is located at Long Beach CA 90805. The home has 12 Bedroom and 12 Bathrooms. This 12 bedroom House in Long Beach CA is for sale for $2,650,000 .
Disclaimer
2024-03-22, Viewed 1 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-03-22, Viewed 1 times.
Search more listings
- Top 10 3 bedroom house for sale wimauma fl granite counter
- Top 50 3 bedroom house for sale las cruces nm appliances
- Top 50 1 bedroom apartment for rent glendale az air conditioning
- Top 100 2 bedroom apartment for rent toronto on furnished
- Top 20 3 bedroom house for sale smyrna ga backyard
- Top 50 2 bedroom apartment for rent medford ma parking
- Top 10 1 bedroom apartment for rent eagleville pa appliances
- Top 10 1 bedroom apartment for rent minneapolis mn air conditioning
- Top 10 3 bedroom house for sale post falls id backyard
- Top 20 2 bedroom apartment for rent burlington ma a/c
- Top 20 3 bedroom apartment for rent london on den
- Top 50 2 bedroom house for rent baltimore md parking