2300 E 15th St, Long Beach, CA 90804

Property Description

Amazing location at a prime rental area, close to the Beach, all major shopping, DTLB, schools, and public transportation! A rare 3 unit income property opportunity with cap rate of 5.24%! Ideal for owner use and rent two other units. All 3 units have been tastefully remodeled and don't require much maintenance. Two large 2 bedroom/ 1 bath units, and One 1 bedroom/ 1 bath unit with open floor plan and a walk in closet. Front unit A has 2 car garage and back unit C has 1 car garage. Potential additional income from renting out garages, 2 units have washer/ dryer hookups, and easy to add hook up for the back unit if desired. Separate gas and electric meter. Landlord pays for water and the property does not have any sprinklers. All 3 units are highly remodeled with interior, exterior paint, fully remodeled bathroom with modern touches, shaker cabinets in the kitchen with stainless appliances and all newer fixtures. New vinyl flooring in 2 units, and laminate floor in 1 unit, new wall heaters, new garage door. New electric panels in 2 units, all copper plumbing, new water heater in unit A. Potential additional income from laundry or renting out garage spaces. Complex has a modern gate in front and a newly built concrete fence providing quiet enjoyment, peace and privacy for tenants. Take advantage of low interest rates and don't miss out on an opportunity to own a truly unique and turnkey income property! Click on the 2 walk through videos for a virtual tour.