The property is located in Eastside Long Beach just west of the Traffic Circle and near the intersection of Redondo Avenue and Pacific Coast Highway. Additionally, California State University, Long Beach, which serves nearly 40,000 students, is just two miles away. This area is a strong rental market with low vacancy rates.
The offering is a two-story building that was constructed in 1960 and contains eight one-bedroom and three studio units, which are separately metered for gas and electricity. The property also features shared laundry and eight single-car garages; parking is a highly coveted amenity in this market and demands premium rates.
3441 East Wilton Street presents an excellent opportunity for an astute investor to add value and capture substantial upside in rents. Listed by Steven Bogoyevac, Steven M. Bogoyevac, Broker.