1325 East 11th Street
Desirable Three-Unit Property Consisting of a Two-Bedroom House and Two One-Bedroom Units
Property Offers On-Site Laundry, and Four Single-Car Garages Generate Additional Income
28 Percent Potential Upside in Rents
Located in the Strong Long Beach Rental Market
1325 E 11th St
Long Beach, CA
List Price: $775,000
Cap Rate: 4.67%
The Bogie Group of Marcus & Millichap is pleased to present to market 1325 East 11th Street, a triplex in Long Beach, California. This offering is a great opportunity for an investor to acquire an asset in a strong rental submarket and capture 28 percent potential upside in rents.
The property consists of a two-bed/one-bath house with a fenced patio and a rear building with two one-bed/one-bath units above four single-car garages. On-site parking is a sought-after amenity in this parking-impacted area of Long Beach, and the garages generate significant additional income. The units are separately metered for gas and electricity, and the property also offers shared laundry facilities.
1325 East 11th Street is located in Long Beach’s Cambodia Town neighborhood just south of Anaheim Street. This dense rental area has easy access to Downtown Long Beach and the 710 Freeway.