Description
We are pleased to present a 4-unit apartment building located in Long Beach, CA. Built in 1964, the subject property consists of 3,968 rentable square-feet, spread throughout a 5,995 square foot lot. Most units have been recently updated, consisting of two 2-Bedroom/ 1-Bathroom units, one 3-Bedroom/ 3-Bathroom unit and one 3-Bedroom/ 2-Bathroom house to the back of the property. Owners can enjoy this high-demand rental location known for blue-collar workers, resulting in consistent low vacancy-rates and increasing rents. Tenants appreciate living close to 405-Freeway, public transportation, great schools, dining and much more. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset with high-demand rental market in a great neighborhood of Long Beach.
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are pleased to present a 4-unit apartment building located in Long Beach, CA. Built in 1964, the subject property consists of 3,968 rentable square-feet, spread throughout a 5,995 square foot lot. Most units have been recently updated, consisting of two 2-Bedroom/ 1-Bathroom units, one 3-Bedroom/ 3-Bathroom unit and one 3-Bedroom/ 2-Bathroom house to the back of the property. Owners can enjoy this high-demand rental location known for blue-collar workers, resulting in consistent low vacancy-rates and increasing rents. Tenants appreciate living close to 405-Freeway, public transportation, great schools, dining and much more. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset with high-demand rental market in a great neighborhood of Long Beach.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T18:31:53.69. 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 deemed reliable but is not guaranteed accurate by the MLS or Villa Real Estate. Licensed in the State of California, USA.