Jon Swire
This listing was posted on RealtyWW.
$2,115,000
Home For Sale In Long Beach, California
Price:
$2,115,000
BR/BA:
10+ BR, 9 BA
Location:
435 W 11th St, Long Beach, CA
Description:
EXCELLENT ASSUMABLE FINANCING FIXED AT 3.75% UNTIL APRIL 2025. Cash on Cash during year 1 will push 8%+ with this excellent debt option. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. 10.86X GRM and 5.8% CAP with upside to 6.4% CAP. Located on the West Side blocks from Down Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree lined street. The property is professionally managed and well maintained. All units have their own private parking included and most have a private outdoor patio. All have W/D hookups. All units have their own water heater. Current loan is with Luther Burbank Savings (now WA Fed). Loan amount is approximately $1.230.000 fixed at 3.75% through April 2025, Interest Only payments. Come April it can adjust up a maximum of 2.0% in year 1. LA is a principal. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND LOAN INFO.For more details: https://realtyww.info/homes_long-beach-d523493/for-sale_i72211281
Property Type:
Single-Family Houses
Amenities:
Parking, Patio/Deck
For sale by:
Agent/Broker
Posted:
May 25 on RealtyWW
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More About this Listing: Home For Sale In Long Beach, California
Home For Sale In Long Beach, California is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 435 W 11th St in Long Beach CA. Find other listings like Home For Sale In Long Beach, California and listings near 435 W 11th St by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Long Beach CA.
Home For Sale In Long Beach, California is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 435 W 11th St in Long Beach CA. Find other listings like Home For Sale In Long Beach, California and listings near 435 W 11th St by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Long Beach CA.