2165 Earl Avenue Long Beach, CA 90806
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site39 Days
- MLS StatusPending
- MLS ID Number24423989
- Home Size Source N/A
- Year Built1929
- Lot Size0.144 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking PrivateTandem Garage
- Parking Spaces 8
- Number of Stories Multi/Split2
- Acreage 0.144
- Water Public
- Attached Garage No
- Foundation Raised
- Zoning LBR2N
- Listing Conditions Standard
Interior Features
- Cooling Wall/ Window Unit(s)Electric
- Heating Wall Furnace
- Appliances DishwasherDisposalMicrowave
- Interior Ceiling Fan(s)
- Laundry Features Individual RoomOutsideCommunity
Exterior Features
- Spa No
- Pool Features None
- Spa Features None
- Patio And Porch None
Community Features
- Senior Community No
- MLS Area 5 - Wrigley Area