Property Detail

Description

PRICED TO SELL AT 9.7 GRM. 8 units (all studios) in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). NO Local Rent Control in Long Beach. Located on a beautiful, quiet, tree lined street just blocks from Downtown Long Beach. All units have been updated including new kitchens, baths and paint. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). The property is professionally managed and well maintained. All units have W/Ds in them. There is no onsite parking, but there is a lot of street parking. Qualified Buyers can put down as little as 25% with excellent bank financing. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.