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Sharad Gupta

contact@trademyhome.com +1(408) 401-1003

Listed by Teresa Fuller, DRE #01315387 • COMPASS

$1,295,000

Est. payment - /mo

5,654 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRP1-28074

Year Built 1940

Lot Size 5,654 Sqft

Source California Regional MLS

Property Description

318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. All 3 residential units will be delivered occupied with tenants paying at or above market rates. The commercial storefront will be delivered vacant so you can ask full market rent from your new tenant. At the list price, the property has outstanding fundamentals with a pro forma 5.3 CAP RATE and 12.8 GRM. To make this one even better, all units are in good marketable condition, with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design in the residential units. The seller is motivated. This is one you don't want to miss.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Cooling None

Laundry Other

Exterior

Parking Features Other

Garage Spaces 2.0

Pool 31, None

View None

Building

Water Hot Water

Others

Tax ID 7131004004

Special Listing Condition Not Applicable

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Sharad Gupta

Broker License ID: 02213637

contact@trademyhome.com

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

318 320 E Market ST Long Beach, CA 90805

Sharad Gupta

Key Details

Location

Interior

Exterior

Building

Others

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318 320 E Market ST