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Ideal location in a highly desirable rental area. Being beach close with nearby amenities such as Retro Row, Broadway Corridor, numerous bike paths and great walkability yields a typically low vacancy rate. The building offers a mix of 3 upper level one Bedrooms and 11 Studio units. All have vintage built-ins, flooring and fixtures with enduring appeal. Tenants benefit from small private outdoor spaces for five studio units, and the other five have a short outdoor stoop large enough for small tables and chairs. Majority of the roof is approximately 5-6 years old. Separate electrical meters, with upgrades to both electrical and plumbing. Some gas furnaces have been replaced with electric. The building has three 1 car garages providing additional income. Consistently performing asset with market upside on rents.
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Courtesy of: Long Beach Pacific Estates