8 units located in South Long Beach NOT subject to rent control. All units have been heavily remodeled and feature new flooring, paint, kitchen countertops, fixtures and outlets throughout. The Seller spent over $150,000 on upgrades. In addition it features all copper plumbing and an excellent unit mix for the location (all 2/1s). Additionally, there are 5 uncovered parking spaces in the rear generating an additional $400/month in income. There is a new loan in place of $1,020,000 fixed at 4.59% through June 2023. It has 3 years of I/O until June 2021 at which time it goes fully amortized. It is held by Banc of California. This loan MUST BE ASSUMED or the Buyer will be responsible for the 4% prepay penalty. The property is a half mile from trendy Retro Row with all the shops, juice bars and restaurants and features a Walk Score of 86.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
