Compass
Compass
Listed by Compass
$1,499,000
Long Beach
Details
APN 7127-024-037
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 6.36%
Year Built 1965
Buildings 1
Acreage 0.170
Zoning LBR1N
Multifamily | 6.36% CAP | 4 Units
Marketing description
4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a cash flowing 4 unit property in the heart of North Long Beach. This well maintained complex features one spacious 3 bedroom, 2 bath unit and three 2 bedroom, 1 bath units, making it ideal for both seasoned investors and owner-occupants seeking rental income. Each unit includes its own single car detached garage, while the 3 bedroom unit offers a 2 car detached garage. The property also includes on site coin operated laundry, providing convenient additional revenue. (Potential to convert garages into additional units!) This is a investment with strong existing cash flow and minimal maintenance required. Live in one unit and rent out the others, or add this solid asset to your rental portfolio. Please do not disturb tenants. All offers subject to interior inspection.
Listing Contacts
Compass
Compass
Listed by Compass
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