Villa Las Brisas

$6,150,000

1705-1711 E 10th St., Long Beach, CA 90813
  • UNITS:  18
  • UNIT MIX:  (18) 2 Bed / 2 Bath Condos
  • YEAR BUILT: 1989 / 2020 Renovations
  • CAP RATE: 4.42%
  • GRM: 14.05 (GIM)
  • BUILDING SF: 14,487 Est.
  • LAND SF: 14,200 Title

DESCRIPTION

> (18) – 2 Bedroom / 2 Bath Units (Note: The Complex consists of 18 Separately Parceled Condos, all Operated as Apartments)
> 1989 Construction
> 94% of the Units have been Renovated in the past 3 Years
> 40+ Gated / Secured Parking Stalls
> Located in an Opportunity Zone – ½ a Mile to East Village, and Just 1 Mile to the Beach
> Substantial Upside in Income without the need for CAP X Improvements
> Handicap Access Elevator & Large On-Site Laundry Facility
> Significant Depreciation Incentives available
> Open Bright Floorplans with Private Balconies/Patios



LISTING BROKER(s)

Pat Swanson
Executive Vice President

MOBILE: 213.864.2862
EMAIL: pat.swanson@colliers.com
DIRECT: 949.724.5564
LICENSE #: 01382974