1926 E Jackson St, Long Beach, CA 90805

Property Description

Pride of ownership AND Cash Flow. Built in 1986 and conveniently located between Lakewood and Bixby Knolls in Long Beach, this 4 unit - All 2Bd/2Ba units offers a great opportunity for a savvy investor to obtain a strong 6.6% CAP rate. Under the same ownership since 1988, this is the first time this building is being offered for sale. This special property is situated on a large ~8,327 S.F. Lot & cul de sac. Each unit is separately metered for electricity, gas & water. Bright, well maintained with newer roof, newer pavers, laminate and tile flooring, each unit comes with its own spacious private patio, refrigerator, stove, dishwasher, washer and dryer & single car garage. One unit has its own deck & others have individually designed patios. Each unit has an ensuite full bath in one of the bedrooms & another full bathroom. One unit has its own tenant owned air conditioner. In addition to the 4 private garages, there is additional parking for 6 cars onsite. 2 of the leases are month to month, with the ability to increase the rent for an even greater return. This building is in a strong rental market. Due to its townhome style feel, units in this building rent right away & can get higher than the average rental amount. The last one for lease took one day to obtain several rental applications. Schools, shopping & transportation all nearby. Please call for a set up sheet & more information. Won't last. All info. deemed accurate, but not guaranteed.