Offering a 5.23% Cap Rate on current rents, 10 Parking, four 3 bedroom units, and a 9000 square foot lot, this is by far one of the best 4 unit opportunities to hit the market in the fastest growing Beach city of Los Angeles.
All units are currently rented and have room to grow the cap rate to over a 7.53%. It’s very rare to have parking in Long Beach and many neighbors charge $150 per space. You can
lease these spaces to tenants and neighbors for extra income.
One of the largest 4-unit properties to hit the market, this value-add asset is the perfect investment for an exchange buyer or owner looking to own a piece of one of Southern California’s last affordable beach communities.