PRICED TO SELL. 9.5 GRM on current rents with upside to 9 GRM AND 7.3% CAP. 7 units in Long Beach NOT subject to local rent control - AB 1482 Only (5% + CPI max increase). All units are 2+1's.
Escape Los Angeles Rent Control (RSO) and invest in a more landlord-friendly environment - welcome to Long Beach. Stop dealing with difficult tenants and a City that wants to continue to stifle your annual rent increases. Instead, own a building located blocks from the Ocean.
4 garages in the front - potential ADU opportunity - Buyer to verify. Property is professionally managed and well-maintained. Laminate flooring, updated kitchens. Onsite laundry as well.
EARN OVER A 9% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
Qualified Buyers can put down as little as 25%.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.