1030 Myrtle Avenue Long Beach, CA 90813
Multi-Family (2-4 Units)
MLS #: SB25042498
Courtesy Of Buckingham Investments, Inc.
$1,550,000
10 beds
|
4 baths
|
3,040 sq ft
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Estimated monthly payments:
$6,776/mo.* (recalculate)
Property InformationDescription
2005 construction and just outside of downtown Long Beach, this quadruplex has three large 3 bedroom 1 bathroom apartments, and one 1 bedroom 1 bathroom apartment. The strong income in place has this building at a GRM of 13.3X and a cap rate of 4.2%, and there is approximately 15% upside in the rents. The building features onsite laundry in select units, a large 2 car garage for each unit with extra parking on the driveway, and is separately metered for gas and electricity. There is a path to substantial upside via the conversion of some of the 8 garage spots to ADUs, as well as offsetting some of the expenses through the use of RUBS.
The building is just 3 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. It offers excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000. (Per Costar)
The building is just 3 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. It offers excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000. (Per Costar)
Features
- Age: 11-20 Years Old
- Appliances: Oven - Gas, Range, Range - Gas
- Architecture Style: Modern
- Cooling System: None
- Exterior Type: Stucco
MAP & DIRECTIONS
School Information
1030 Myrtle Avenue, Long Beach, CA 90813
Elementary School
Grades KG-5 |
Public School
OROPEZA ELEMENTARY SCHOOL
Long Beach, CA 90813
700 Locust Ave
562.436.4420
Distance: 0.5 mi
School Rating
C
Student:Teacher Ratio
25:1
Total Students
662
Middle School
Grades 6-8 |
Public School
FRANKLIN CLASSICAL MIDDLE SCHOOL
Long Beach, CA 90802
540 Cerritos Ave
562.435.4952
Distance: 0.5 mi
School Rating
C-
Student:Teacher Ratio
25:1
Total Students
1200
High School
Grades 9-12 |
Public School
POLYTECHNIC HIGH SCHOOL
Long Beach, CA 90813
1600 Atlantic Ave
562.591.0581
Distance: 0.5 mi
School Rating
B-
Student:Teacher Ratio
25:1
Total Students
4002
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Lincoln Elementary School | 0.3 mi | Public | KG-5 | B- |
| Montessori On Elm | 0.3 mi | Private | PK-4 | |
| Clear Passage Educational Center | 0.3 mi | Public | 9-12 | F |
| St Anthony High School | 0.3 mi | Private | 9-12 | |
| St Anthony Parish School | 0.4 mi | Private | PK-8 | |
| Robert Louis Stevenson Elementary School | 0.5 mi | Public | KG-5 | C+ |
| Renaissance High School For The Arts | 0.5 mi | Public | 9-12 | C+ |
| Roosevelt Elementary School | 0.5 mi | Public | KG-5 | B |
| First Baptist Church School | 0.6 mi | Private | KG-12 | |
| Huntington Academy | 0.7 mi | Private | KG-5 | |
| We The People High School | 0.7 mi | Public | 9-12 | |
| Intellectual Virtues Academy | 0.7 mi | Public | 9-12 | B- |
| Washington Middle School | 0.8 mi | Public | 6-8 | D+ |
| John G. Whittier Elementary School | 0.9 mi | Public | KG-5 | C |
| Educational Partnership High School | 1.0 mi | Public | 9-12 | D |
| Alvarado Elementary School | 1.1 mi | Public | KG-5 | A- |
| Burbank Elementary School | 1.1 mi | Public | KG-5 | B- |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Long Beach, CA 90813
| Median Age: | 31.7 |
|---|---|
| Married: | 31% |
| Number of Households: | 16,553 |
| Households with Children: | 39.5% |
Long Beach, CA 90813
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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