Description
Don't miss the opportunity to purchase this extensively upgraded turnkey investment property in the up and coming neighborhood of downtown Long Beach. This beautiful 4 unit rental property is a classic early 20th century Craftsman. The property is already receiving strong rental income with all tenants paying market rents. All the hard work has been done for the new owners, offering the opportunity for the buyer to benefit from strong income on day one while removing the challenge of trying to get rents up to market while constrained by rent control limits. There are two 2 bed units and two 3 bed units. All units have their own laundry hookups. Act quick to lock in historically low interest rates. The area is very walkable for tenants and surrounded by current and future planned development. As a result, the area experiences very high rental demand. Price reduced by $150,000. Current pro forma cap rate of 3.43%.
Location
Similar Listings
MLS# I420571
$232,000
Listing Agent: HUGH BAILEY
Courtesy of: KELLER WILLIAMS REALTY
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing Agent: Phillip Maranville Courtesy of: Realty ONE Group United The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 17th August, 2022 9:19 AM (UTC)
