This 12-unit multifamily property, located in the highly sought-after 90814 zip code of Long Beach, presents a rare
opportunity to acquire a fully renovated, turnkey investment in a thriving rental market. Built in 1923, the property has been thoughtfully upgraded in 2023 with new ?ooring, paint, and appliances, ensuring a contemporary living experience while preserving its classic architectural charm.
The unit mix consists of one-bedroom, one-bath units, catering to the strong demand from the area’s blue-collar workforce. With historically high occupancy rates and rental growth in Long Beach, these properties provide immediate cash ?ow with the potential for further rent optimization.
The building offers operational ef?ciencies and economies of scale for investors. This offering represents an excellent opportunity to acquire stabilized assets in a dynamic and growing market for a seasoned investor or a 1st time buyer looking to expand their portfolio.