🏢 Looking for an 11-unit investment property in Long Beach? Here’s what $2,155,000 gets you.
🚨 Interested? Call or text Ray directly at
562-600-9793 for the address, photos & full details.
This 11-unit Long Beach apartment building offers a 6.9% cap rate at in-place rents with a 9.5 GRM, plus meaningful rental upside. The property features 12 bedrooms, 11 bathrooms and approximately 6,792 sq. ft., with a Walk Score of 92 near Downtown Long Beach, dining, Metro access and the beach.
For multifamily investors and 1031 exchange buyers, this Long Beach investment property offers strong current cash flow and is subject to AB 1482 but not local Long Beach rent control.
📲 Looking to buy, sell, or invest in Long Beach real estate or Southern California? Call or text Ray at
562-600-9793.
Ray Miramontes | The Mira Group
Circle Real Estate | DRE
#01931740
Listing courtesy of Jonathan Swire | The Agency
MLS
#26853651