Great Alamitos Beach location across the street from Franklin Classical Middle School. Large all 2 bedroom/1bathroom open floor plan units with ample storage in spacious hallway. Dining area off kitchen. All 8 units offer definite upside on rents under new management.
Low vacancy rate w/current owner. No deferred maintenance. No rent control in Long Beach.No CO2 detector required - all electric building, separately metered for electricity, paid by tenants.
2 2-car garages are currently not rented, as owner occupied.
Garages are at the premium in this prime rental location in Long Beach just 6 blocks from the Beach. They can significantly increase return on the investment once rented. Large Laundry room with Laundry hook-ups, used currently as owner's storage, offer additional income.
Another large storage room at the back of the building is available for storage for on-site manager.