Essentially New Construction: 17 re-built units (2023) and 2 ground-up units (2025). $2.37M Tax Benefit: The accelerated depreciation via cost segregation is a massive financial incentive. 100% New Major Systems: All-new plumbing, electrical, and mechanical infrastructure mitigates the risk of hidden defects. Turn-Key Operations: Fully leased with a high-credit tenant base, providing immediate stable cash flow. Premium Unit Features: In-unit laundry and luxury quartz/designer finishes command top-of-market rents. Strong Financials: A 5% Cap Rate at a $512/SF price point is below replacement cost. Appreciation Catalyst: Significant upside potential tied to the 2028 Olympics and the city's $9 billion economic output. Low Ownership Overhead: Rooftop solar, separate meters, and drought-tolerant landscaping reduce operational costs. Rare Parking/Storage: Includes 7 garage spaces and storage lockers, which are high-demand luxuries in Long Beach. Prime Retro Row Location: Steps from the Pacific Ocean and Bluff Park in a highly coveted walkable neighborhood.