Property listed by Younglewin Advisors, Inc., Jackson Jorgensen [email protected]
$1,450,000
We are pleased to present 529 W 10th Street, a meticulously renovated five-unit property on a large 7,750 square foot lot located just minutes from Downtown Long Beach. The property is comprised of a spacious four bed/two bath house along with two duplexes, each featuring one bed/one bath units.
Over $320,000… Read More has been invested in exterior/interior renovations and system upgrades with no expense spared. Improvements include a newer roof, PEX plumbing throughout, new electrical subpanels along with the complete interior remodel of every unit—delivering a true turnkey investment.
The detached front house has three surface spaces- a rarity for the area. The two duplex tenants enjoy a total of four spaces (two tandem) in the garage area- a premium for the area!
A detached two-car garage sits at the rear of the property, providing an excellent opportunity for conversion into an ADU and the ability to expand the footprint up to two stories via SB-1211.
With a sub-$500,000 down payment required and the potential to achieve close to a 6% cash-on-cash return, 529 W 10th Street presents an exceptional opportunity for both smaller 1031 exchange buyers and local investors seeking a high cashflow low maintenance property for years to come . Read Less
Listing Snapshot
Days Online
26
Last Updated
Property Type
Apartment
Lot Size
0.18 Acres
Year Built
1928
MLS Number
PW25256072
Additional Details
Building
Built in 1928, 3 buildings, 2 stories, Entry level: 1, Entry location: 1
Community
Urban
Expenses
Operating: $41,220
Garage
4 spaces
Income
Gross Income: $130,152, Gross ScheduledIncome: $130,152, Net Operating Income: $85,027
Laundry
WasherHookup
Lot
0.178 acres, Yard
Parking
3 open parking spaces, 7 total parking spaces, Assigned
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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