1534-1542 W. 20th Street is a well-maintained, 8-unit apartment asset located in the quiet, residential pocket of Westside Long Beach. Priced at 6.09% cap rate and 10.39 GRM at current rents, the offering presents a compelling opportunity for investors seeking stable cash flow with long-term upside.
The property consists of eight (8) bright, bungalow-style 2BD / 1BA units. Many of the units have been upgraded or renovated, including durable vinyl plank or tile flooring.
The property's curb apeal is enhanced by mature trees in front of the building, along with privacy hedges at the entry, and a spacious grass courtyard creating a serene, community-oriented environment for tenants.
Located in a family-friendly, suburban enclave, the property is near local restaurants, coffee shops, parks, and offers convenient access to major transportation corridors.