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435 W 11th Street, Long Beach, CA 90813

| 6,395 SQ/FT

Offered at $2,049,000

Priced to sell at 10.3 GRM and 6.3% CAP with upside to 9.6 GRM and a 7.0% CAP. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.8%). Located on the West Side blocks from Downtown Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree-lined street. The property is professionally managed and well-maintained. All units have their own private parking included, and most have a private outdoor patio. All have W/D hookups. All units have their own water heater. A new owner can raise rents to market and achieve a 9.6 GRM and 7.0% CAP. Earn over a 9% cash-on-cash return at market rents. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.