4786 E Malta St, Long Beach, CA 90815

Property Description

This property consists of a 5-unit multifamily development. The front unit can be an owner's unit comprised of a 2-story 3-bedroom, 2-bathroom residence. The rear units consist of three 2-bedroom, 2-bathroom units and one 1-bedroom, 1-bathroom unit. The units have a patio or balcony feature with a hydronic heating system. The unit interiors are finished with laminate wood floors, wall-to-wall carpeting in the bedrooms, and ceramic tile floors in the bathrooms and kitchens. The kitchens have freestanding electric range/oven, vent fan hoods, and dishwashers. The property's common area includes a laundry room with coin operated washer and dryer. The rear units have a security gate entry. The property has a 2-car garage, six 1-car garages, 2-open spaces with a secured open space area in the rear that can be used for storage or converted to two additional open space parking. The property is located in the Circle / Los Altos Area in Long Beach and is approximately 3/4 mile from California State University Long Beach campus. There is a large student population in the neighborhood. Rents are below market with good upside potential.