This updated 16 unit apartment community is now fully occupied and boasts a current CAP rate of 6.51%. All units have 2 bed, 1 bath floor plans. Nine of the 16 units were recently renovated four of which were partially updated, and the other five were remodeled top to bottom with new paint, flooring, lighting, and brand new kitchen and bathroom finishes. Recent exterior upgrades include a new roof, new exterior railings, improved decks and walkways and select window replacements. This property also offers additional income potential with architectural plans to convert 8 garage spaces into 4 ADUs the current owner passed the pre planning stage with the City. More building features include a controlled access gate for extra privacy and security and a community laundry room. This apartment community is located in a residential yet walkable pocket of Southwest Long Beach, near the heart of Downtown and the East Village Arts District.