Currently a 6.45% CAP, this extensively renovated property is also located within an Opportunity Zone with PD-30 zoning. This zoning could allow for a potential redevelopment of 45–90 units or build ADU's today. The property features a rare and desirable unit mix consisting of five large 3-bedroom / 1-bath units, one 1-bedroom / 1-bath unit, and one studio. It has been extensively renovated with approximately $500,000+ in capital improvements and offers a private, garden-style layout with a secure gated entry. Tenant amenities include air conditioning, in-unit washer/dryer hookups in most units, and high-end designer finishes. Parking is abundant, with eight garages, one private driveway space, and fourteen open parking spaces. Located less than one mile from the beach and just minutes from Downtown Long Beach, the property combines strong rental appeal with significant future development potential. It is not subject to local rent control, falling only under statewide AB 1482 regulations.