PRICED TO SELL. 8.8 GRM AND 7.0% CAP WITH UPSIDE TO A 8.1 GRM AND 7.9% CAP. 11 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is professionally managed and well maintained. Onsite laundry room. All unit interiors were updated in 2018. Property is 2 structures total - one main building and 2 units in the rear building. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. Electrical has been updated in the past 3 years - Main Panel is 200 AMPS - Buyer to verify. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Qualified Buyers can put down as little as 25% on a new loan fixed at 5.1% for 5 years, Interest Only. Located right across from MacArthur park which is undergoing a $10.5MM overhaul. https://www.longbeach.gov/pw/projects/macarthur-park-rehabilitation/ EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.