533 E 11th St, Long Beach, CA 90813

Property Description

533 East 11th Street is an 18-unit apartment building in Long Beach, California. The property is less than one-half of a mile from
 Long Beach Polytechnic High School and less than one block from St. Mary Medical Center, a major employment center. The property is also conveniently near the 710 Freeway.
 
 The offering includes one two-story building that contains one one-bedroom/one-bath unit, and 17 two-bedroom/two-bath units, 12 of which are lofts and demand higher rents. The property also features on-site laundry and 10 two-car garages, as well as seven open parking spaces.
 
 80’s construction buildings are seen as prime assets because they tend to have larger units, demand higher rents, and on average have significantly lower operating and long-term maintenance expenses. These advantages, along with potential upside in rents and a location in a dense rental market, make 533 East 11th Street a great investment opportunity.