Investment Highlights
Executive Summary
THIS 8 UNIT APARTMENT BUILDING IS LOCATED IN A PRIME LONG BEACH AREA, 2.3 MILES FROM FREEWAY 405, 2.4 MILES FROM CALIFORNIA STATE UNIVERSITY LONG BEACH, 8 MILES FREM PORT OF LONG BEACH, RIGHT OFF PACIFIC COAST HIGHWAY NEAR TRAFIC CIRCLE AREA. BUILDING IS SECURE, GATED AND MONITORED BY VIDEO CAMERAS. 12 COVERED PARKING SPACES ARE LOCATED ON THE GROUNG FLOOR UNDER THE UNITS. ALL 8 UNITS ARE 2 BEDROOM 2 BATH, WITH UPGRADED KITCHENS, LAMINATED AND CERAMIC FLOORS, INSIDE LAUNDRY SPACE AND SEPARATE GAS AND ELECTRIC METERS. ALL RENTS ARE BELOW THE CURRENT MARKET RENTS. THERE IS A SIGNIFICANT VALUE ADDED OPORTUNITY AT MARKET RENTS. All LEASES EXCEPT ONE WHICH EXPIRES IN JUNE OF 2022, ARE ON MONTH TO MONTH BASES. 4.8% CAP RATE AT MARKET RENTS. PICTURES AND VISUAL TOUR ARE ATTACHED.
1986
Investment, Multifamily, Apartment
