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Long Beach Commercial
Real Estate Council
333 W. Broadway # 302
Long Beach, CA 90802
(562) 495-6070
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Long Beach Commercial Real Estate Council
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LBCREC
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Date: Friday July-10 at 7:30 AM
Location: The Grand Event Center
4101 E. Willow Long Beach, CA 90815
Please be prompt - bus departs Grand promptly at 7:45 AM
THIS EVENT WILL BE HELD ON FRIDAY, JULY 10TH. WE WILL NOT HAVE A BREAKFAST EVENT ON JULY 3rd IN OBSERVANCE OF THE HOLIDAY WEEKEND.
 Back by popular demand, we are presenting the North Long Beach Bus Tour for a reprise. Last year’s event was an overwhelming success. Vice Mayor Val Lerch will conduct a guided tour of his 9th District, highlighting areas that are scheduled for redevelopment and new construction. This is a great way to learn about RFPs in North Long Beach, where Enterprise Zones and incentive areas are located, and the inside track on future projects that can help you discover opportunities for investment and development.
Brokers, this is a fantastic opportunity to submit your North Long Beach listings for showcase on the tour. Please submit to Linda Martinez or Chris Barbieri at least two weeks in advance. If you have property flyers or handouts, please contact Linda Martinez at 562-427-4748 ext. 2513.
Breakfast, coffee and orange juice will be served on the bus. The tour bus will depart promptly at 7:45 AM; please meet in front of the Grand at 7:30 AM so that you will have time to sign in and select your breakfast. Seating is limited so pre-registration is highly recommended.
LBCREC welcomed Michael Derk, Senior Director of Marcus & Millichap Capital Corporation (MMCC) as our guest speaker on June 5th. More than 65 commercial real estate professionals attended the breakfast and learned how to obtain the best deal for commercial and multi-family loans.
7 Apartment Units
160 East 57th Street
Long Beach, CA 90805
| No. Units: |
7 |
| Building Size: |
5,656 SF |
| Lot Size: |
5,606 SF |
| Price: |
$890,000 |
| Price/Unit: |
$127,143 |
| GRM: |
9.90 |
| Cap Rate: |
7.25% |
| Year Built: |
1964 |
INVESTMENT HIGHLIGHTS
All Two-Bedroom/Two-Bath Units
On-Site Laundry
All New Security Doors
All Copper Plumbing
All Plastic Sewer Piping
Property Description:
A seven-unit apartment constructed in 1964 of wood frame and stucco, tenants enjoy a well- maintained common area with on-site laundry equipment along with three garages. The unit mix consists of all two-bedroom/two-bath units. The property also features separately metered gas and electric. The current owner has thoroughly updated the property with all copper plumbing, plastic sewers, new security doors and a fresh coat of paint. The property is very close to the 405 and 710 Freeways, which creates easy access to employers and keeps the units in very high demand. This property is a great opportunity for an investor looking for solid cash flow with rental upside in a very strong rental market.
Location Description:
This building is located on 57th street in Northwest Long Beach near the borders of Lakewood, Bellflower and Paramount.
Property Brochure:
Contact:
Steve "Bogie" Bogoyevac
562-257-1200 - ph
LBCREC PLATINUM SPONSORS
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