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Listed by: Brett Lyon (310) 706-4066 DRE #01717818, Woody Stahl DRE #01399621 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$1,250,000
14 Beds
- 8 Baths
--sqft
817 E New York, Long Beach, CA 90813
$1,250,000
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Quadruplex
Built in 1922
$-- HOA
6,802 sqft lot
--/sqft
Description
817 E New York St presents a rare opportunity to acquire a 4-unit multifamily property in prime North Long Beach. Built in 1922, the asset consists of three separate buildings totaling 3,076 rentable square feet on a 6,802 square foot lot.
The unit mix includes (1) 1-bed/1-bath and (3) 2-bed/1-bath units, offering strong rental appeal. Two of the 2-bed/1-bath units have been newly renovated—providing an excellent owner-user opportunity or the ability to immediately capture market rents.
At just $312,000 per unit, the property offers a low cost of entry and compelling fundamentals with a 4.97% CAP rate and 12.90 GRM on in-place income. Off-street parking is avail...
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1922
HOA Fees
-
Finished Area
- sqft
Lot Size
6,802 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB25234247
MLS Status
Pending
Days on Market
72
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