Fully renovated 10-unit apartment community offering a turnkey investment opportunity at an attractive 7% cap rate. The property underwent a comprehensive, permitted renovation down to the studs, including a new roof, electrical, plumbing, HVAC, windows, individual water heaters, and modernized interiors throughout. The unit mix consists of (5) 1-bed/1-bath and (5) 2-bed/1-bath units, including three newly constructed ADUs. Separate gas and electric meters and individual water heaters help minimize operating expenses. The majority of the units are master leased to a single organization, providing consistent income, reduced vacancy exposure, and streamlined management. Conveniently located in North Long Beach with access to major employment centers, transportation, and surrounding coastal communities.
5,765 Sq Ft
5,433 Sq Ft Tamaño del lote
inversión
Creado en 1964
MLS/ID del anuncio PW26176341
10 Unidades
Heating - Wall Furnace
Cooling - Ceiling Fans
Recessed Lighting
Sin amueblar.
Área común
Piso
Horno de gas.
Cocina de gas.
Microondas
Refrigerador
Style - Traditional
Public Sewer
Public Water
Community - Curbs
Community - Street Lights
Los nombres de las empresas deben mantenerse tal cual, sin traducir.
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Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.