DETAILS

REDUCED PRICED TO SELL TODAY!!! FIRST TIME BEING SOLD IN 31 YEARS! 5 Unit apartment building on a large 6,800 SF lot in Long Beach! This property has 2 buildings, a front house consisting of a 4 Bedroom / 2 Bath ~1,398 SF and a separate back building ~ 2,100 SF consisting of 4 ALL 1-Bedroom/1-Bath units! This property has on ONSITE laundry room that brings in additional income! Parking for about 7 cars onsite! This property currently brings in $8,629/month in gross rental income. Currently operating at a CAP rate of 5.8 CAP and 13 X GROSS! This is great investment opportunity with upside potential through renovations/rent increases. Located close to downtown Long Beach, shopping and restaurants and offering easy access to Alamitos Beach, 4th Street!

PROPERTY FEATURES

Number of Units : 5
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 4
Unit 1 : Total Bathrooms : 2
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 1
Unit 2 : Total Bathrooms : 1
Unit 3 : Number of Unit(s) : 3
Unit 3 : Total Bedrooms : 1
Unit 3 : Total Bathrooms : 1
Unit 4 : Number of Unit(s) : 4
Unit 4 : Total Bedrooms : 1
Unit 4 : Total Bathrooms : 1

PROPERTY DETAILS

Street Address: Address not disclosed
City: Long Beach
State: California
Postal Code: 90813
County: Los Angeles
MLS Number: PW24250938
Courtesy of The Moore Group

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