HIGHLY COVETED 1980'S CONSTRUCTION - PRICED AT 10.3 GRM AND 6.6% CAP ON MARKET RENTS. 9 units in Long Beach built in 1987, NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). Located in a great location on the East side. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. It also features onsite parking for every unit - a rarity in parking impacted Long Beach. The property features an excellent unit mix of 1 and 2 bed units with rents approximately 10% below market. Built in 1987 this proper
Stop the car and come inside! This top floor beautifully kept 1-BR and 1-BA turn-key unit in a limited access condominium community is "a must to see. " The balcony can be accessed from the living room or bedroom. This unit features tall living room ceiling with fans, a gas-lighting fireplace, and central air system. Enjoy being in the kitchen as you entertain your guests over the bar counter. Has stackable washer and dryer, refrigerator, and stove that will stay. Full bathroom has entry from bedroom and from the hallway. The bedroom has two walk-in closets. Take the stairs or elevator to the 1-car assigned parking space with storage cabinet located in the gated subterranean garag
$399,000
1 bed1 bath697 sq ft
Living room balcony • Gas lit fireplace • Two walk in closets
Quaint 2 Front units. The 3 bedroom back unit is a separate building. 4 enclosed parking spaces, 4 garages on the alley and one garage adjacent to the front 2 bedroom unit. ADDITIONAL DWELLING UNITS(ADU'S) Potential, Buyer to verify all development rights. Separate electricity, gas and water meters, separate water heaters. New front roof. Front unit has 3 car driveway. Also see listing in another Craftsman style neighborhood, same owner. 1310 Hellman Street 5 Plex. Could be sold in conjunction with this listing! PW26083553
California Spanish Style in historic Hellman craftsman neighborhood. Front building extra large units. All units are 2 bed 1 bath fully occupied. Upstairs back unit newly renovated with its own yard and laundry room. Some new windows. Four garages and one with a walkthrough door. Recently painted. Garden style landscape and two gated common yards. Also see listing of same owner 1013 Daisy Ave. 3 Plex with ADU potential(please do your own diligence). Could be sold in conjunction with this listing! PW26083321
PROPERTY OVERVIEW - 1980'S CONSTRUCTION. Built in 1985, Ten60 Olive Avenue is a well-maintained 16-unit multifamily asset with strong curb appeal, located in Long Beach, California. The property features all 2-bedroom / 1-bath units with ample natural light. Amenities include on-site laundry facilities and secured underground parking with 24 parking spaces. $650K IN CAPITAL IMPROVEMENTS. Ownership has invested approximately $650K in recent capital improvements, significantly reducing near-term capital requirements and enhancing overall asset stability. Improvements include: high-end interior renovations on 11 of the 16 units, double-pane windows installed throughout all units, new railings
$5,400,000
32 beds16 baths12,270 sq ft
Newly sealed roof • Double-pane windows • 0.3 acre lot