Property Description

This newly renovated 6 unit building is a strong investment opportunity. Located in the North Alamitos Beach neighborhood of Long Beach, all 6 units were completely remodeled down to the studs and have new floors, kitchens, countertops, bathrooms, appliances, and laundry inside. Each unit is a 1 Bed, 1 Bath with all the quality finishes pictured here. Included are 4 rent-producing garages with new garage doors and fresh paint throughout. This is a great income property currently operating at a Cap rate of 5.4% and reliable occupied tenants with long term 12-month leases. Property is a short drive from a robust downtown area with shopping and theaters, Alamitos Beach, the historic Queen Mary, the convention center, colleges, golf courses, and freeways.