1907 Lewis Ave, Long Beach, CA 90806

Property Description

1907 Lewis Ave is a great 4-Plex investment in a high rental demand area of Long Beach. All 4 units are 2 bedrooms /1 bath. Constructed in 1983 with copper plumbing which is a plus. The front is fenced, has nice curb appeal, a lush green lawn, and tropical palm trees. Units are all individually metered for gas and electric with separate exterior water heaters. Select units have been fully renovated with tile flooring, cabinets, quartz countertop, led lighting, and neutral paint. Additional improvements include new exterior paint, new roof, iron concrete stairways, low energy outdoor lighting, and water conservation paver sidewalk. This property is professionally managed and maintained. The upstairs units both offer rear balconies great for lounging outside on those warm summer days. Tenants are long term section 8 tenants with some living there prior to ownership. There is plenty of upside in rental income. In the rear, there is a carport with 9 parking spaces and a security gate, which is a valuable commodity in Long Beach. Property is conveniently located near schools, colleges, shopping, downtown, and minutes away from the freeway. Investment opportunities like this rarely come around.