Property · 2 recorded sales since 2016
Listing Agent: Jonathan Swire (DRE #01336277) · Listing Office: The Agency · Contact: 424-230-3700 · Bought with: Jonathan Swire · The Agency · MLS #26635163 · Source: CRMLS
Priced to sell at 9.8 GRM with upside to 8.9 GRM and a 7.7% CAP. 6 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). All 2/1's. Electrical was updated in 2024. The property was updated in 2019 throughout and is professionally managed and well maintained. Property has onsite laundry and 4 parking spaces which are rented to tenants. Qualified Buyers can put down as little as 25%. EARN OVER A 11% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Email Listing Agent for more info including a Rent Roll and OM.
Listing description from the April 2026 sale, as reported to CRMLS.