Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3
listing
1 of 3
Residential IncomeFor Sale
$1,375,000
2165 Earl Avenue
Long Beach, CA 90806
Listed by KC James Dorame DRE#02019663 [email protected] Allure Capital Management Corp
MLS: California Regional MLS (CRMLS)
8Beds
4Baths
3,769Sq Ft
Est. Mortgage
$7,198/mo

Great investor opportunity to acquire a well maintained 4 unit building located in the high demand South Wrigley Sub-Market of Long Beach. The building is a cash machine, has a 6.9% in place cap rate, a 7.2%+ ProForma Cap Rate, and is 100% leased. It contains (3) spacious 2 Bedroom / 1 Bathroom Units, and (1) very spacious 3 Bedroom / 1 Bathroom Unit. The building also has a detached garage complex containing (3) one car garages that can be used as storage if needed and fit one vehicle parked behind. Three of the apartment have been remodeled within the last two years and the one remaining non-remodeled unit gives the new owner and opportunity to remodel, add value, and bring up to market rent. The property is located in close proximity to schools, banks, shopping centers, public transit, and easy freeway access. It is within walking distance of Long Beach Poly High, and only 2.1 miles from Downtown Long Beach. The area boats strong rental demand and all vacancies have been easily filled at market rent with multiple applicants coming forth.

Get in touch
Information courtesy of Allure Capital Management Corp is subject to verification and is not guaranteed.
Community / School Information