We are pleased to present an 11-unit apartment building located in Long Beach, California. The subject property is located in Alamitos Beach just blocks from the ocean and has a desirable unit mix consisting of (10) one-bedroom / one-bathroom units and (1) three-bedroom / one-bathroom unit. Built in 1955, the subject property consists of 7,171 rentable square feet on a lot size of 8,246 square feet. It is separately metered for gas and electricity, keeping expenses to a minimum.
This property is within a short distance to the hub of tourism, business, and transit that is Downtown Long Beach. Tenants enjoy convenient access to shopping, dining, entertainment and employment. This is a rare opportunity to acquire a quality, pride-of ownership asset in this outstanding rental market and would make a great addition to any investors portfolio. Listed by Kevin King, Marcus & Millichap.