REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Doug Rodermund • Morgan Skenderian
$2,880,000
Est. payment /mo
10,310 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,310 sqft
Price per Sqft $279
MLS Listing ID CRPW25079195
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1958
Lot Size 0.322 Acres
Property Sub-Type Other
Property Description
**Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $180,000/Unit & $279/SF** **9.69 GRM & 6.8% Cap Rate on Current Income** **7.84 GRM & 9.2% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** ----540 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room. --------Also for sale are neighboring properties of 520 Adams, 555 Adams, 560 Adams & 541 E. 64th Street
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Community Facility
Building
Water Public
Read Less Info
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.