1775 Locust Avenue, Long Beach, CA 90813

PRICED TO SELL. 9.9 GRM and 6.3% CAP with upside to a 7.5% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs – rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU’s – Buyer to verify. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.