Current Listing | Beautifully Remodeled, 5-Unit Cash Cow in Long Beach
Cameron Samimi of Lyon Stahl is pleased to present 1022 Martin Luther King Jr Ave, a beautifully remodeled, 5-Unit Cash Cow located in Long Beach.
This property is listed at $1,325,000.
Offering an astounding 5% Cap Rate on current rents, Martin Luther King Jr. Ave is an ideal pickup for any exchange buyer or investor looking for low maintenance, high return investment.
The property has a very strong unit mix, with all (5) units being comprised of 2-Bedrooms and 1-Bath.
Major system upgrades to the building include the installation of Copper plumbing, as well as a new electrical system. All units feature new bathrooms and kitchens, flooring, and paint.
Each unit has the luxury of having their own Garage Space, as well as a laundry unit on site. Both are great resources for additional monthly income. Even with strong current rental income, there is still room for growth as neighboring 2-Bed units are receiving over $1,900.
The MLK 5-Unit is a great opportunity for any new owner looking to reap the benefits of owning a 5-unit with great returns, only blocks away from the $6B in development flooding into Downtown Long Beach. Do not miss out on a chance to purchase a property in one of the last affordable Beach cities.
For More Information on this Property:
For More Information, Contact:
Cameron Samimi: [email protected]