Property Detail

Description

Exceptional value-add opportunity in the City of Long Beach! This AB 721 compliant 8-unit apartment building features a desirable unit mix of six 1BD/1BA and two 2BD/1BA units, offering investors immediate upside potential and long-term NOI growth. Four vacant units provide a new owner with immediate control to renovate and re-tenant at current market rents, while remaining tenants sit below market — creating additional upside through natural turnover. The property is well-positioned for continued rent growth in one of Long Beach's strongest rental corridors. Key highlights include a pitched roof, upgraded electrical, on-site laundry, and four dedicated parking spaces — a rare amenity in this submarket that drives leasing demand and tenant retention. Additional income is generated through parking and laundry facilities. The on-site garage presents a compelling ADU conversion opportunity (Buyer to verify with City), offering a clear path to increased density and long-term asset appreciation. Do not disturb tenants.