Great proximity to Downtown Long Beach, less than a mile North of Alamitos Beach, 3 structures spanning a large lot with great street frontage. Excellent unit mix. Huge lot, all 2 bedroom, 1 bathroom units, 15% Upside in rents to market GRM of 12.78, pro forma cap rate of 5%. 4 out of 8 units have been completely renovated. 4 Garages plus 4 parking spaces for additional income, , separately metered for gas and electricity, and laundry income. Take advantage of this while you can! Please drive by only. Do not contact occupants.
Buckingham Investments, Inc.
1957 W Carson St Ste 107 | Torrance | CA 90501
310.561.4776 | 310.982.7055
Property Type: MultiFamily
Listing Category: Purchase