Exceptional Investment Opportunity in Long Beachs Eastside
Discover this rare 1980s multifamily gem in the desirable Eastside neighborhood of Long Beach, a low vacancy area with no Rent Control. The property features 10 spacious two bedroom, condo style apartments with bright interiors, large balconies, and vaulted ceilings in the upper units. Several units were remodeled in 2021, adding modern upgrades that enhance appeal for tenants.
The gated 15 space parking garage offers convenience and additional income potential by renting out unused spaces. A newer roof with a lifetime guarantee, seller owned laundry machines, and locked entrances with surveillance cameras ensure both security and stability. With tenants responsible for their own gas and electricity, operating costs remain low.
Ideally located near freeways and public transportation, this well maintained, income producing property presents a rare chance to secure strong cash flow and long term growth in one of Long Beachs most thriving rental markets.