Priced to sell at 9.7 GRM with upside to 8.7 GRM and a 8.1% CAP. 9 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). Located on a quite street in the Wrigley district. Excellent unit mix for the area, with long term tenants. The property was updated in 2019 throughout and is professionally managed and well maintained. A new owner could achieve over a 10% upside in rents. Property has onsite laundry and features a 400 AMP Main electrical panel and 50 AMP subpanels (Buyer to verify). Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Email Listing Agent for more info including a Rent Roll and OM.
Days on market: 19
Listing updated: February 03, 2026 - 04:40:02
Listed by: Jonathan Swire DRE #01336277 , The Agency - Beverly Hills/Greater LA
Source: Beverly Hills/Greater LA, MLS#: CLW-X79013 Originating MLS: CRMLS
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