Property Detail
Description
**Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $174,688/Unit & $271.10/SF** **9.32 GRM & 7.3% Cap Rate on Current Income** **7.61 GRM & 9.7% 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
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Listing provided courtesy of Doug Rodermund of Morgan Skenderian. Last updated 2025-07-13 08:11:09.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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