CA > Long Beach
Long Beach, CA 90805,540 E Adams ST
Long Beach, CA 90805,540 E Adams ST
Long Beach, CA 90805,540 E Adams ST
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$2,795,000
Est. payment /mo
0.32 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW25079195

HOA Y/N No

Year Built 1958

Lot Size 0.322 Acres

Property Sub-Type Apartment

Property Description

**Pride of Ownership Community Across From Jordan High School & Houghton Park**
**Priced at $174,688/Unit & $271.10/SF**
**9.32 GRM & 7.3% Cap Rate on Current Income**
**7.61 GRM & 9.7% Cap Rate on Market Rents**
**Easy Upside in Rental Income for a New Owner**

----540 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room.
--------Also for sale are neighboring properties of 520 Adams, 555 Adams, 560 Adams & 541 E. 64th Street

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LBR4R

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 16

Pool Fenced, In Ground, Private

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 16

Private Pool Yes

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7115028009

Energy Description 6252.0

Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by Doug Rodermund Morgan Skenderian dsr@morganskenderian.com
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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