Pride of ownership AND Cash Flow. Built in 1986 and conveniently located between Lakewood and Bixby Knolls in Long Beach, this 4 unit - All 2Bd/2Ba units offers a great opportunity for a savvy investor to obtain a strong 6.6% CAP rate. Under the same ownership since 1988, this is the first time this building is being offered for sale. This special property is situated on a large ~8,327 S.F. Lot & cul de sac. Each unit is separately metered for electricity, gas & water. Bright, well maintained with newer roof, newer pavers, laminate and tile flooring, each unit comes with its own spacious private patio, refrigerator, stove, dishwasher, washer and dryer & single car garage. One unit has its own deck & others have individually designed patios. Each unit has an ensuite full bath in one of the bedrooms & another full bathroom. One unit has its own tenant owned air conditioner. In addition to the 4 private garages, there is additional parking for 6 cars onsite. 2 of the leases are month to month, with the ability to increase the rent for an even greater return. This building is in a strong rental market. Due to its townhome style feel, units in this building rent right away & can get higher than the average rental amount. The last one for lease took one day to obtain several rental applications. Schools, shopping & transportation all nearby. Please call for a set up sheet & more information. Won't last. All info. deemed accurate, but not guaranteed.
Listing courtesy of Duran Reed Firm.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.