1241 W 19th St, Long Beach, CA 90810

Property Description

This well maintained 7 unit income property has one 3 bedroom, 3 bath unit, two 3 bedroom, 1 bath units, three 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit - all are turn-key. This property is comprised of 3 buildings on a large 10, 114 s/f, fenced, corner lot. The 3 Addresses for this property at 1901 Gale Street with 4 units, 1909 Gale Street with 1 unit above 3 garages and 1241 West 19th Street with 2 units and 1 garage. This property is freeways and public transportation close. There are 4 garages on the property with plenty of additional onsite parking. Each unit has their own water heater as well as gas and electric meters. There is a laundry room on the property for an added monthly income. New roofs were installed on all 3 buildings in 2016. All repairs are up to date on all units with no deferred maintenance, several units had new carpet installed within the last year. There are no vacancies with long term tenants. The City of Long Beach is currently experiencing major redevelopment. The Long Beach Port is undergoing a large (estimated at over $4 billion) redevelopment that will create 14,000 new and permanent jobs in Southern California. The Long Beach market has always enjoyed strong rental growth and with this redevelopment it seems this will continue for years to come. That being said this complex has the potential to make more than it actually does.