flag This property
sold
for
$1,552,500 8 years ago.
822 E 20th Street
Long Beach,
CA 90806
Eight unit Spanish style complex in the City of Long Beach. Unit mix is comprised of (3) 2 Bed / 1 Bath, (4) 1 Bed / 1 Bath & (1) Studio units. Current ownership has made significant interior & exterior improvements over the past two years including upgraded faux wood flooring, granite counters, new cabinets, stainless steel appliances & modernized bathrooms. Exterior improvements include new paint, new roof, concrete patios have been sealed, new vinyl wood plank fencing throughout the property for added privacy & replaced metal hand-railing/remote access gate. This is a stabilized cash flowing assets with realistic upside in rents by remodeling the remaining 4 units as they turn. Market cap rate well over 6.0%.
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Listing Agent: Andrew McAllister | Office: Nationwide Real Estate Execs
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