Please take time to review this five-unit apartment building in the city of Long Beach. The subject property is located at 2241 Earl Avenue, one block north of Hill Street and three blocks east of Pacific Avenue. This investment consists of a unit mix of one two-bedroom/one-bathroom and four one-bedroom/one-bathroom units and was built in 1947. This property is a single-story garden-style building with approximately 2,730 rentable square feet. Each unit is separately metered for gas and electricity and the property offers a community laundry room.
Within close proximity to numerous restaurants and shopping centers, this property offers an investor the rare opportunity to acquire a building with a strong unit mix in a high demand rental market with rents well below market value. Any investor looking to add value could improve the properties physical condition and push rents to market levels with minor cosmetic improvements. Listed by Josh Cohen, Josh Cohen.