4035 E Livingston Dr, Long Beach, CA 90803

Property Description

ONE OF A KIND classic 14 unit apartment complex in coastal Belmont Heights. These pride of ownership apartments are just 1 block from the beach and include 4 two-story structures on 2 elevated and adjoining corner lots. They have great curb appeal from all three of the streets that border them. There are (11) units 1+1+den, (1) 1+2+den, and (2) studios. The majority of these bright and spacious units have ocean views along with other very desirable amenities. Each unit has just one adjoining wall which provides more privacy and allows for more windows offering natural light. Over the years the property has undergone major upgrades to the plumbing and electrical systems along with upgraded kitchens and baths. Each unit is separately metered for gas and electric, have individual water heaters, and back doors. Most of the units have hardwood floors, private balconies or patios and faux fireplaces. There are four separate garages and a community laundry area that provide additional income. The property benefits by being in a high rental demand location. The popular eateries, pubs, trendy retailers and thriving nightlife on 2nd. Street are just a short walk away. The property has a history of strong occupancy, is professionally managed, well maintained, and could offer an investor stable long term income. Current rents are under market which could provide for good rental upside.