126 Esperanza Avenue is a four-unit property in highly desirable Alamitos Beach, in close proximity to East Village Arts District and booming DTLB. Rents in this area are typically 19% higher than other neighborhoods of Long Beach. Built in the 1920's, the property offers beautiful hardwood floors, tiled fireplaces, wood built-ins and aesthetic period detailing. The meticulously maintained property features copper plumbing throughout, as well as laundry machines owned by the seller and included. Tenants pay for their own gas and electric, keeping the building's utility expenses low. This investment asset offers an investor an attractive, well-kept property in one of the most desirable Southern California submarkets with 16% rental upside potential.
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