The Lakewood Portfolio consists of three (3) properties in the Lakewood Village area of Long Beach within walking distance to shopping centers, Long Beach City College, Lakewood Golf Course, The Village Shoppes, parks and other business centers in the area. The Long Beach Airport is minutes away. The properties have of a total of 42 residential units and 3 commercial units. The current owners are only accepting tenants with minimum stay of 30 days. This portfolio offers an opportunity to investors to acquire properties in an excellent location and strong existing cash flows.
The property has a lot size of 9,016 SF and 3,050 of rentable SF. The building consists of five single story apartment units, featuring a unit mix of one - 2 Bedroom/1 Bath unit of approximately 650 SF of livable space, and four - 1 Bedroom/1 Bath units of approximately 600 SF of livable space, with patios for each unit. The property enjoys incredibly low expenses by being individually metered for gas and electric, with no maintenance issues or problems. There is ample parking with both open surface and car port parking spaces located at the rear of the property, with laundry facilities for additional income and cash flow.
Marcus & Millichap is pleased to present 716 Flint Avenue in Wilmington, California. The subject property is situated in a predominantly industrial neighborhood that has a mix of residential on the block. Built in 1923, the property consists of 48 SRO master metered units. All units are bachelor-style and share common bathrooms and showers. The property has recently undergone significant rehabilitation. A majority of the units have been improved with flooring, electrical, and upgraded bathrooms. There has been approximately $85,000 of capital expenditures in the last year, not including repairs or individual unit rehabilitation This property presents an investor the opportunity to own a potentially high cash flow asset in the extremely dense rental market of Wilmington.
Large two story building includes four units just off Beach Boulevard north of Warner. Per the seller's recent appraisal, the owner's unit is approximately 1600sf with three bedrooms, two and one half baths, a dining room and two car garage. The other three similar units are approximately 1200sf and has three bedrooms, two baths and a two car garage.
CBC Alliance is proud to present this eight-unit apartment building located at 137 East I Street in Wilmington, California. Situated on a 5,532-square foot lot, the offering consists of eight studio/one-bathroom bungalow style units. Each unit has a full kitchen. The building contains partial copper plumbing and the windows have been recently replaced. Many of the bathrooms have been remodeled over the past several years.
Rare opportunity for investors to purchase a well-maintained apartment building at 5.83% Cap Rate on existing Income. It is located in one of the strongest rental areas of San Pedro and boasts growing demand from tenants. This excellent investment opportunity is a charming two-story walk-up apartment building consisting of 4 Single and 4 One-Bedroom units. The building has undergone recent upgrades with new Spanish tiles at the entrance steps and throughout hallways on the first and second floors in addition to the upgrades of some of the units. The property features a laundry room, storage and quaint gated courtyard in the rear of the building. It is separately metered for gas and electric and is easy to maintain. Five of the units are rented at market rents; in addition, there is an upside in rental income of the other three units and through leasing the storage space.
EXCELLENT INCOME PROPERTY WITH ALL 2 BEDROOM/1 BATH UNIT MIX. ROOM TO INCREASE RENTAL INCOME. STABLE INCOME PROPERTY WITH GREAT TENANTS IN HIGH RENTAL DEMAND LOCATION. OWNER OWNED COIN LLAUNDRY MACHINES FOR EXTRA INCOME. COPPER PLUMBING THROUGHOUT. EASY TO MANAGE. GREAT FOR INVESTOR OR OWNER USER.
Remodeled 3bdrm 2ba house, perfect for owner user or as a rental. The home boasts master suite, detached 2 car garage, large open kitchen w/ breakfast room. A real Must see
Two single family homes on lot. Sale price includes vacant lot to east 7465-018-022. Total square footage over 10000 square feet. Great ocean view
9835 Marshall Street, a very well maintained 5-unit apartment community located in the up and coming city of El Monte, CA. The property is unique due to unit Mix and high density zoning. Tenants enjoy two on-site laundry facilities. Rents are currently below market, which give the asset a significant amount of upside potential for any new investor. 9835 Marshall Street, a very well maintained 5-unit apartment community located in the up and coming city of El Monte, CA. The property is unique due to unit Mix and high density zoning. Tenants enjoy two on-site laundry facilities. Rents are currently below market, which give the asset a significant amount of upside potential for any new investor.