Property
Listing Agent: Pat Swanson (DRE #01382974) · Listing Office: Pat Swanson · Contact: 949-724-5564 · Bought with: Michael O'Neill II · CB Richard Ellis, Inc. · MLS #OC23139674 · Source: CRMLS
SELLER FINANCING AVAILABLE! First Time Ever For Sale! The property boasts an outstanding unit mix of: 1 - 3 Bedroom / 1.75 Bath, 2 - 3 Bedroom / 1.5 Bath & 3 - 2 Bedroom / 1.75 Bath Units, while also allowing for a competitive 5.12% Actual CAP rate, with generous upside still available. This complex also offers (8) garages (1 with direct access), as well as a convenient large on-site laundry room. Additionally, an investor will benefit from a newer roof and exterior paint, both of which were done within the last 5 years. Due to the excellent Eastside location, tenants to have close proximity to the many restaurants/shops in the traffic circle, Long Beach State University, and Recreation Park!
Listing description from the October 2023 sale, as reported to CRMLS.