PRICE REDUCED. 8 units located on the East Side of Long Beach - subject to AB 1482 Rent Control (5% + CPI increases). All units are in very good condition. 10.2 GRM AND 6.7% CAP on in place rents, with upside to a 9.3 GRM and 7.7% CAP. And only $299/SF. Escape Los Angeles Rent Control (RSO) and invest in a more landlord-friendly environment - welcome to Long Beach. Stop dealing with difficult tenants and a City that wants to continue to stifle your annual rent increases. Instead, own a building located blocks from the Ocean. Property has new windows, new exterior paint and landscaping, new garage doors and is professionally managed. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). Most units have W/D hookups. Units have individual waters heaters. There are 4 garages at the front of the property that rent for $125/month each. They could be converted into 2 ADU's - Buyer to verify. There is also parking for 2 cars in the rear. There are 2 potential Loan Options on the property. Option 1 - The Buyer can obtain a new loan with 30% down fixed for 5 years. Option 2 - Buyer can assume the existing, fully amortized loan of $1.670.000 fixed at 3.4% until November 2026 at which point it can adjust as much as 2.00%. This option allows a Buyer to purchase this property with less than 20% down. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND SETUP.