- Turnkey high yield 16 unit property in a dense rental demand area of Long Beach - 15 one bedroom units and 1 two bedroom unit in over 10,000 square feet of space plus 4 garages and storage in rear - High in-place cash flow at close with actual rents at 10.25X gross and market rents of 9.82X GRM - Extensively renovated in recent years including exterior refresh, new windows, lighting, common area flooring, fencing, controlled access, and all units upgraded with vinyl flooring, new kitchens, bathrooms, paint, and lighting - Modern major systems including newer separately metered main electrical panel, full plumbing re-pipe in 2022, reinforced foundation, and newer roof - Potential for substantial upside through conversion of 4 garages and storage in rear structure to ADUs - Laundry room on premises for additional income