PRICED TO SELL. 8 units located on the East Side of Long Beach - subject to AB 1482 Rent Control (5% + CPI increases). All units are in very good condition. 10.6 GRM AND 6.3% CAP on in place rents, with upside to a 7.4% CAP. And only $301/SF. The property has new windows, new exterior paint, new landscaping, new garage doors and is professionally managed. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). Most units have W/D hookups. There are 4 garages on the front of the property. Units have individual waters heaters. EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND SETUP.
Days on market: 103
Listing updated: April 29, 2025 - 05:20:04
Listed by: Jonathan Swire DRE #01336277 424-230-3700, The Agency - Beverly Hills/Greater LA
Source: Beverly Hills/Greater LA, MLS#: CLW-X79013 Originating MLS: CRMLS
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