PRICED TO SELL. 9.4 GRM and 7.1% CAP on in-place rents with upside to 9.0 GRM. 12 units (all 1+1's) located blocks from Down town Long Beach. Well-maintained and professionaly managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 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. Exterior and all interiors were updated in 2019. No onsite parking. There is an onsite laundry room that is currently not being used. Lender financing available with as little as 30% down to qualified Buyers. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.