48 W Plymouth St, Long Beach, CA 90805

Property Description

The property represents an opportunity to acquire a well maintained building that has recently been repositioned to attract the many tenants that want to live in North Long Beach. The property is close to many jobs, shopping and entertainment. The quality and condition of the units and common areas combined with an improving leasing market have allowed the property to maintain a high occupancy with rent growth. There is still significant rental upside as units turnover and there is no rent control to limit pricing. Current monthly rents for the one bedroom units are $950, $845, $725 and $845. Long Beach is situated on 50 square miles of prime real estate flanking a generous 11-mile coastline located squarely between Los Angeles and Orange County. This community is one of the most ideal strategic spots in the world for international trade, regional commerce, new and innovative technology, and an unparalleled lifestyle just a short drive away from mountains, deserts and, of course, the beach. This property offers a North Long Beach location with just a short walk to the restaurants and shops located along Long Beach Boulevard and Market Street. The area also offers easy access to the 710, 91 and 405 Freeways.