2015 E 7TH St, Long Beach, CA 90804

Property Description

Excellent income property in the North Alamitos Beach area. Definitely a cash cow with gross scheduled income of almost $6,000 a month. Recently renovated Spanish style building with wood plank vinyl flooring & granite look kitchens. Building consists of one 4-bed, 2-bath unit; two 3-bed, 1-bath units, one 3-bed, 2-bath unit, and a basement. All units are rented. The 4/2 is rented for $1595 per month. Both 3/1s and the 3/2 are rented for $1350; the basement is rented for storage for $100. Gated back area has eight parking spaces, patio, yard, orange and avocado trees. Building is 13 blocks to the public beach and bike path. Next to multiple bus routes & close to Cal State Long Beach. Owner pays water; tenants pay electric, gas and trash. No rent control. In January 2015 the building was earthquake retrofitted, and a new roof was put on - both projects were approved by city inspectors. Copper plumbing. Excellent opportunity to acquire 4-plex that requires little to no renovation!