9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.6 GRM and a 5.4% CAP with upside to a 6.1% CAP. VERY WELL MAINTAINED. Solid Eastside location in Long Beach. Most interiors have been updated (new kitchen cabinets, flooring, bath tile, fixtures, etc. ) and property is professionally managed and well maintained. The property features multiple structures, meaning many units do not have common walls on all sides making the units more private. There are 3 garages in the rear as well as 2 surface spaces. Currently management is not charging for parking, but new ownership could. Spaces in Long Beach are at a premium and are worth $125-150/mo
There are 8 units total consist of 6 units building with 2 bedroom and 1 bathroom each built around 1990 per assessor and 2 houses in the rear 1 is 3 bedrooms and 1 bath house and a 1 bedroom and 1 bath house both older built.
UPDATED ENTRY LEVEL CONDO FOR FIRST TIME HOME BUYER/INVESTOR. This 2-bed, 2-bath condo offers 827 sqft of modern living space. Enjoy an open layout, sleek kitchen with working appliances, and in-unit laundry. The primary bedroom boasts an ensuite bathroom, while the second bedroom offers great natural lighting and space. Located centrally for easy access to shops, dining, and transportation. Just a few miles from the beach. Includes a private garage spot. Don't miss out on this opportunity!
Long Beach Condo, very conveniently located. South of Fwy 405 and 2 miles from Beach. Condo on Top floor, high ceiling 9 1/2 feet high, and has has dormer window on the ceiling for added light. Bright unit with many windows facing East. Counter tops etc were remodeled 10 years ago.
Welcome to this exceptional investment opportunity featuring four spacious townhome-style units, each boasting 3 bedrooms and 1.5 bathrooms. Ideal for savvy investors, these well-maintained units offer a lucrative rental income potential and a prime location. The property features a large parking lot, providing ample space for up to 10 vehicles. With rents currently below market value, there is significant potential to increase rental income and maximize returns on this investment. Please respect the privacy of the tenants and refrain from disturbing them. Don't miss out on this fantastic opportunity to add a high-performing property to your portfolio. Schedule your viewing today.
* * Fantastic Investment Opportunity: Spacious 4-Unit Building in the Heart of an Up-and-Coming Neighborhood! * * Welcome to your next lucrative investment located just south of Signal Hill and within a short 2-mile radius of the stunning beaches. This prime property offers not only a sought-after location but also incredible potential for growth in an area currently undergoing rezoning for additional apartment density. * * Key Features: * * - * * Unit Mix: * * This well-maintained building consists of 4 units, featuring 2 expansive 3-bedroom apartments and 2 comfortable 2-bedroom apartments. The generous unit sizes are a standout feature, providing tenants with ample space an
* * * Opportunity Zone * * * Explore the exceptional investment opportunity at 1825 Cherry Ave, Long Beach, CA. This property comprises seven fully occupied buildings in the sought-after prime area of Long Beach, offered at an attractive price of $221k per unit. Currently, the property yields an impressive 5.35% Cap Rate and boasts a 15 Gross Rent Multiplier (GRM), with potential for substantial growth to a projected 9.96% Cap Rate and 9.96 GRM. Situated on a generous lot of approximately 5,837 SF, the property provides ample parking spaces for convenience. Notably, this asset is not subject to LA City rent control, allowing for significant annual rent increases of 8.8% (5% + CPI), offe