6 Unit Apartment Building in Long Beach, California Just a Few Blocks From the Beach Start Price USD 990,000.00 Current Price USD 990,000.00 Time Left - Bid Count 12 Buy It Now Price - Reserve Price - Start Time Wednesday, April 23, 2008 End Time Friday, May 16, 2008 Location Norwalk, California See more about '6 Unit Apartment Building in Long Beach, California' Description This is a 6 unit building, with 5 single car garages, and a laundry room (with 2 washing machines, 1 dryer). Here are the following ACTUAL rents that we are receiving: 2 Bedroom, 1 Bath (Manager’s Unit) $650.00 (about 900 sq ft‘) 2 Bedroom, 1 Bath $900.00 (about 1,100 sq ft‘) 2 Bedroom, 1 Bath $900.00 (about 1,120 sq ft’) 2 Bedroom, 1 Bath $900.00 (about 1,100 sq ft’) Single, 1 Bath $670.00 (about 700 sq ft’) Single, 1 Bath $500.00 (about 600 sq ft’) Laundry Room Income………… $300.00 (.75 to wash, 1.00 to dry) Actual Monthly Income---------------------------- $4,820.00 ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++   The market rents for a 2 bedroom apartment in that area ranges from $990.00-$1,100.00 The market rents for singles are $650.00-$750.00 Garages are generally rented out for $50.00 a month Market Rents 2 Bedroom, 1 Bath $1,100.00 2 Bedroom, 1 Bath 1,100.00 2 Bedroom, 1 Bath 1,100.00 2 Bedroom, 1 Bath 1,100.00 Single, 1 Bath 750.00 Single, 1 Bath 650.00 5 car garages 250.00 Laundry Income 300.00 Total Market Income------------------------------$6,350.00   ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++   These are long term tenants.  Please Do Not Disturb the Tenants, as they are not aware that this place is for sale.    The Manager, has lived there for 18 years!  The tenant in the single unit has lived there for 8 years.  The other tenants have lived there, for an average of 3 years, with no rent increases.  Even though this property is old, it has been maintained to the highest level.  Please visit      www.casarenta.com.mx  as we will be uploading pictures of the other units.     If you are interested, please contact Debbie Esquievel (562) 397-5491On Apr-25-08 at 16:29:23 PDT, seller added the following information:Just to let you all know, all of the tenants are on a Month-to-Month rental agreement. So once you own the property, you can increase the rent to any amount that you feel like! THIS A NON-RENT CONTROL PROPERTY!! And I am very flexible with the asking price of $990,000.00On May-01-08 at 19:14:06 PDT, seller added the following information:THE NEW LISTING PRICE HAS BEEN CHANGED TO $900,000.00 Place a Bid!