1107 Mahanna Ave Long Beach, CA 90813
Pending
$795,000
3 Units
4 Beds
3 Baths
1,695 Area(sq.ft.)
4,735 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 1,050 | $ 1,050 | $ 1,050 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,750 | $ 1,750 | $ 1,750 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,600 | $ 1,700 | $ 1,700 |
| 3 | 3 | 4 | 3 | $ 4,400 | $ 4,500 | $ 4,500 |
| MLS #: | 24-448939 |
| Days On Market: | 60 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 469 |
| Price per unit: | $ 265,000 |
| Year Built: | 1919 |
Property Details
This extremely rare and affordable investment opportunity is centrally and strategically located in the heart of Long Beach, CA. With proximity to downtown, the coast and major transportation routes alike, this property presents an opportunity for a new investor to capitalize the continued growing rental demand in the area. With one unit currently vacant , creative investors can also implement a "House-Hacking" strategy by living in one unit and renting the others. There is significant upside in existing rental income as well.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 51,216 |
| Total Annual Expense: | $ 22,938 |
| Net Operating Income: | $ 28,278 |
| Gross Annual Income: | $ 51,216 |
| Cap Rate: | 3.56% |
| Gross Rent Multiplier: | 15.06 |
| Actual Gross Rent: | $ 52,800 |
Structure
| Type of Units: | Apartment |
| Buildings: | 2 |
| Levels: | One |
| Security Features: | Other |
Land & Parking
| Zoning: | LBR2N |
| Parking Garage: | Driveway Gate |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | Other |
| Heating: | Wall |
| Laundry: | Other |
Exterior
Detailed Map
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Income
