Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $245.24 and $229,500 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.
9,358 Sq Ft
7,322 Sq Ft Exterior Space
Apartment
$30,594 Annual Tax
Built in 1963
MLS/Listing ID PW24222928
2 Stories
10 Units
Listing Courtesy of MORGAN SKENDERIAN, RICK APPLEBAUM
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE