Property Details
About this Property
**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
MLS Listing Information
MLS #
CRPW25079195
MLS Source
California Regional MLS
Days on Site
34
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
540 E Adams St is a Residential Income in Long Beach, CA 90805. This – square foot property sits on a 14,014 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,880,000 and was built in 1958. This address can also be written as 540 E Adams St, Long Beach, CA 90805.
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This listing information is up-to-date as of April 11, 2025. For the most current information, please contact Doug Rodermund, (949) 432-4726
