1857 Pine Ave, Long Beach, CA 90806

Property Description

Two words: Runs Smoothly! This 16 Unit Apartment complex has been extremely well maintained throughout the current owner's decade of ownership. Each unit has many upgrades including granite countertops, new tubs, and tile flooring in many. The building is fully occupied with most of them being long-term tenants of many years. The complex has 12 enclosed garages that are accessed from the rear alley, very large units, and clean and secure common areas, making this building a highly desirable rental in the area. The complex is gated from both front and rear, and offers residents two onsite laundry rooms. The complex is very quiet and residents feel comfortable and at home here. Every unit is seperately metered for electricity and gas. Front lawn includes automatic sprinklers, and complex has automatic common area lighting throughout. The complex also includes two storage rooms under the stairs that currently house spare parts for maintenance and cleaning supplies. The building has been professionally managed for many years and would be happy to meet the new owner to help with either a smooth transition or continued management for the new owner, if its desired. Rents are currently under market because owners haven't been increasing rents regularly, so upside potential is Big! If you're looking for a reliable, passive source of monthly income from Real Estate, this complex gives you all of that and more!