Welcome to an exceptional investment opportunity in the heart of Long Beach, California! Presenting a well-maintained multi-family building with 13 apartments, this property is a prime addition to any discerning investor's portfolio. Current rents are below market rents, and have potential for increase. As opposed to most multi-family properties in Long Beach, the apartment size of 900 Sqft. each and 2 units of 1,100 & 1,400 sqft, because of the size of each unit (900 sqft), investors can change the units from 1 bedroom to 2 bedrooms, and increase the rent. make the units very spacious and desirable. Situated just off Long Beach Blvd. and 20th Street, this multi-family building enjoys proximity to convenient city amenities, renowned beaches, and convenient access to major thoroughfares. With potential rent increase, this property offers a very lucrative income, making it a very savvy investment. New roof installed in 2019 as well as a new sewer line.
24353885
Business Opportunities, 2 Story
Los Angeles
1963
0.2975
Acres
2
Stucco
11,626
Sq. Ft.
Multi-Family
1 Total
Interior Features
- Security
- Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Gated Community,Smoke Detector(s)
Exterior / Lot Features
- Parking
- 9 Parking Spaces. 0 Covered Parking Spaces.
- Exterior
- Stucco
- Zoning
- LBPD29
Community Features
- Security Features
- Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Gated Community,Smoke Detector(s)
- Complex Features
- Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Gated Community,Smoke Detector(s)
Financial Considerations
7209013029
Arrows indicate 90 day trend
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