PRICED TO SELL. 10.9X GRM and 6.1% CAP on current rents. 6 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. All interiors have been updated (new kitchen cabinets, flooring, bath tile, fixtures, etc.) and property is professionally managed and maintained. There are 5 parking spaces in the rear plus a storage room (rents for $150 per month). Currently the spaces are not being charged for and new ownership could change this and get $100-125/month per space. There is onsite laundry as well. There is an existing loan fixed at 3.4% through Sept 2024 (approx. $690K balance) that may be assumable. Contact Listing Agent for a complete Marketing Package including a current Rent Roll.
