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For Sale

$1,249,000

5,654 sqft$221/sqft114 days on market

318 320 E Market Street

Long Beach, CA 90805

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

5,654

Square feet

1940

Built

Listing narrative

Description

318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. 2 of the 4 units are currently occupied with tenants paying at or above market rates. 2 of the 4 units are currently vacant. At the list price, the property has outstanding fundamentals with a pro-forma 6.5 CAP RATE and 12.35 GRM. To make this one even better, all units are in good marketable condition, with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design in the residential units. The seller is motivated. This is one you don't want to miss.

Listing agent (MLS): Teresa Fuller · Listing brokerage (MLS): COMPASS

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,249,000

Beds

Beds n/a

Type

House

Home Size

5,654 sqft

Baths

Baths n/a

Lot Size

0.13 acres

Year

1940

Neighborhood

Not Applicable

Status

For Sale

Days on Market

114

$ / Sqft

$221

· 8% down, 7% APR, 30yr fixed
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Courtesy of COMPASS