318-320 East Market Street, Long Beach, CA 90805

Property 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.