Incredible value add opportunity in the heart of Downtown Long Beach's "Drake Park" neighborhood. Roughly 25% upside in monthly income and a 6.68% cap rate at market rents. Three Buildings: (1) 3 Bed / 2 bath detached house, (5) - Studios and (2) - Studios above a 3 car garage. Unit 1027 was just remodeled with two-tone paint, vinyl plank floors, granite counters & updated fixtures and will be rented for $1095. Some units are modestly updated including new kitchen & bathroom tiling, refinished original hardwood flooring and crown molding in the detached house, new gas ranges and two-tone interior paint. Listed by Andrew Mc Allister, Nationwide Real Estate Execs.