19 Units in Downtown Long Beach's Historic District โ For Sale
Text me for more info at 562-600-9793 and I'll send you the full breakdown.
๐ข 19 Units | Studio, 1-bed & 2-bed mix
๐ต Listed at $3,699,000
๐ 6.4% CAP | 9.5 GRM
๐ฐ 10%+ Cash-on-Cash Return against in-place rents
๐จ $400K in CAP EX | Fully remodeled 2018/2019
๐ถ Walk Score: 95 | Blocks from Pine Ave & DTLB
๐งบ Onsite laundry in basement
Zero work left to be done โ updated interiors, new water heater (2023), 100+ feet of sewer line replaced, and NOT subject to local rent control. This is a turnkey asset in one of Long Beach's most walkable, high-demand neighborhoods right in the middle of an $8B redevelopment.
Would you add this to your portfolio? Drop a ๐ below.
Ray Miramontes
Mira Real Estate Group
๐ฒ 562-600-9793
๐ง ray@mira-realestate.com#LongBeachRealEstate#MultifamilyInvesting#DowntownLongBeach#IncomeProperty#ApartmentInvesting#SoCalRealEstate#LBInvestor#CashFlow#RealEstateInvesting#HistoricDistrict
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