PRICED REDUCED - SELLER IS MOTIVATED.
10 units located blocks from Downtown Long Beach where over $8BB in Redevelopment is happening. Subject to AB 1482 Rent Control (5% + CPI increases). 3 structures on the lot. All units have been heavily remodeled with new kitchens, baths, flooring and W/D's. 10.9 GRM and 6.0% CAP and only $307/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, landscaping, lighting and garage doors and is professionally managed. Electrical was redone in 2020.
All units have W/D's in them. 4 garages with additonal parking for 4 cars outside. Garages are leased for $675/month total.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.