Rare opportunity to acquire a steady 100% rental occupancy (4.44% Cap Rate; value-add with strong occupancy trend), 6-unit townhouse-style 2-bedroom/2-bath units including in-unit washer/dryer built in 1989. Building entrance gate with security camera for enhanced access control and security in a prime Long Beach submarket, and great proximity to Wilson High School and Cal State Long Beach and adjacent to nearby entertainment amenities such as The Hangar at Long Beach Exchange and 2ND & PCH.

Carport Spaces 9 Carport YN Yes Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 6 Parking Features CoveredCarport Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes

Appliances Gas CooktopWasher Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetWood Heating CentralNatural Gas Heating YN Yes Interior Features UnfurnishedAll Bedrooms Up

Additional Parcels YN No Cap Rate 4.44 Common Interest Community Apartment Community Features Sidewalks Electric Standard Electric Expense 600 Garage YN No Gross Income 147360 Gross Scheduled Income 147360 Insurance Expense 2118 Land Lease YN No Laundry Features Gas Dryer HookupInsideIn KitchenStacked Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Limited Service Listing Terms CashCash To Existing LoanCash To New Loan Maintenance Expense 3019 Net Operating Income 106667 New Construction YN No New Taxes Expense 26319 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 24308 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTrash Collection Total Actual Rent 12280 Trash Expense 0 Water Sewer Expense 3000 Water Source Public Zoning Lbr3s

Listing provided courtesy of Wan Hsu of Golden Key Realty Corporation

Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-20T20:30:05.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.

4231 E 10th Street

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4231 E 10th Street Long Beach, CA 90804

Property Description

Carport Spaces	9
Carport YN	Yes
Lot Features	0-1 Unit/Acre
Number Of Separate Electric Meters	6
Parking Features	Covered Carport
Parking Total	9
Pool Features	None
Pool Private YN	No
Property Attached YN	Yes

Appliances	Gas Cooktop Washer
Common Walls	2+ Common Walls
Cooling	None
Cooling YN	No
Fireplace Features	None
Fireplace YN	No
Flooring	Carpet Wood
Heating	Central Natural Gas
Heating YN	Yes
Interior Features	Unfurnished All Bedrooms Up

Additional Parcels YN	No
Cap Rate	4.44
Common Interest	Community Apartment
Community Features	Sidewalks
Electric	Standard
Electric Expense	600
Garage YN	No
Gross Income	147360
Gross Scheduled Income	147360
Insurance Expense	2118
Land Lease YN	No
Laundry Features	Gas Dryer Hookup Inside In Kitchen Stacked
Levels	Multi/Split
Listing Agreement	Exclusive Right To Sell
Listing Service	Limited Service
Listing Terms	Cash Cash To Existing Loan Cash To New Loan
Maintenance Expense	3019
Net Operating Income	106667
New Construction YN	No
New Taxes Expense	26319
Number Of Separate Gas Meters	6
Number Of Separate Water Meters	1
Number Of Units Leased	6
Operating Expense	24308
Property Sub Type	Apartment
Rent Control YN	No
Senior Community YN	No
Sewer	Public Sewer
Special Listing Conditions	Standard
Tenant Pays	Cable Tv Electricity Gas Trash Collection
Total Actual Rent	12280
Trash Expense	0
Water Sewer Expense	3000
Water Source	Public
Zoning	Lbr3s