144 154 E 57th St E, Long Beach, CA 90805

Property Description

I am proud to offer a well-maintained 9 unit apartment building located at 144 E. 57th Street. The property is one block South of South Street and two blocks East of Long Beach Blvd. in a low density pocket of mostly single family residential homes in the city of Long Beach. Built in 1972, the wood frame, painted stucco building offers 6761 rentable square feet and is situated on a 19,942 square foot lot. The property incorporates three separate apartment buildings and offers a unit mix of 2 one bedroom/one bathroom, and 7 two bedroom/one bathroom units. For the conveyance of the tenants multiple open parking spaces are available, and three enclosed garages are available to rent. Each unit is separately metered for gas and electricity and on site laundry is provided for the tenant’s conveyance. 
 
 144 E. 57th Street is a rare opportunity to purchase three separate apartment complexes on an extremely large lot. With a stable return on current numbers and true upside in rents for a more aggressive management style the added potential rental income, this value-add opportunity is a perfect addition to any investor’s portfolio