Residential Income Details
A unique opportunity to own a 10-unit long-term rental property in an up-and-coming Long Beach neighborhood. Just blocks from downtown, Retro Row, the beach, Long Beach City College, shopping, restaurants, public transportation, this property has it all. The building has undergone a complete gut renovation and remodel including new plumbing, electrical, cabinets, countertops, quartz slab shower surrounds, fixtures and hardware. Included in each unit: refrigerator, cooktop, air conditioning, stacked washer/dryer and ample loft-style storage. Polished concrete flooring, exposed brick walls, 12-foot ceilings, large windows for natural light, and industrial finishes give these units a uniquely in-demand architectural style requiring minimal maintenance due to the durability of the surfaces and the simplicity of the design. Property is fully-occupied with long-term leases in place and tenants have been screened to the most stringent of standards. All rents listed are ACTUAL. This is a turnkey property in a location with significant upside.
|Number of Units||10|
|Listing Brokerage||Timothy Stuart, Broker|
|Listing Agent||Tim Stuart|
|Listing Agent BRE #||01742379|
|Features||Brick Walls,High Ceilings (9 Feet+),Open Floor Plan,Recessed Lighting,Stone Counters,Storage Space,Unfurnished,Wired for Data|
|Appliances||Electric Stove,Garbage Disposal,Gas Water Heater,Hot Water Circulator,Refrigerator|
|Cooling||Heat Pump,Electric,High Efficiency,SEER Rated 13-15|
|Heating||Heat Pump,Electric,High Efficiency|
|Parking||Driveway - Concrete,Garage,Garage - Front Entry,Garage - Single Door,Garage Door Opener,Workshop|
Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, September 5, 2018.
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.
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