Take advantage of this great opportunity on this 9-Unit apartment building on the border of Bixby Knolls in North Long Beach. The 9-Units are currently ALL rented, paying rent and professionally managed. Amazing 12.3 GRM based on current rents and garage/parking/laundry income. Seven(7) two-bedroom/one-bathroom units and Two(2) one-bedroom/one-bathroom units; all separately metered for gas and electric. Some units have been updated as they have come available. Currently about 6 units below market rent. Room to increase! Current rents, parking and laundry income is producing $146,394 GSI. Five major upgrades over the past 18 months including: New roof; New exterior paint; New dual-pane vinyl windows; New water heater and New landscaping with automatic sprinklers. Private courtyard area with grass and picnic table area. On-site laundry room as well as 4 garages and 2 carport parking spaces which also earn added income. The perfect value for taking advantage of today's record low interest rates while they last. Please do not disturb tenants.
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.
