23 units located in Long Beach. All units have been heavily remodeled and the building is well maintained and professionally managed with well qualified tenants. The Seller has spent over $350K on interior rehab and another $100K on the exterior. Property received a new roof in 2014 (1 side) and 2018 (other side). Unit mix is 3 Studios, 19 1 bed/1 bath and 1 3 bed/1 bath. There are 4 private garages renting for $100/month each as well as onsite laundry. This is a perfect asset for someone looking to acquire a rehabbed, stabilized property that is cash flowing. Additionally, there is some rental upside by leveling the rents at market, allowing you to achieve a 5.2% CAP. EMAIL Listing Agent for complete package including a Rent Roll.
