5411 Myrtle Ave, Long Beach, CA 90805

Property Description

Investors Dream! Don't miss out on this amazing opportunity to own your very own 6 unit Apartment Complex. Located on a nice tree lined street in a desirable North Long Beach neighborhood. The single 3,232 sq.ft. 2 story building is comprised of Five 1-bedroom / 1- full bathroom, and One 2-bedroom / 1-full bathroom. Four units are downstairs and 2 units are upstairs. Situated on a good sized 5,713 sq.ft. lot. Paved open space behind the building for parking. The property is the only apartment building on the street, and is surrounded by mostly well maintained single family homes and duplexes, thus decreasing competition from other apartment owners in the area. A new investor has an excellent opportunity to acquire an apartment building in a strong rental market, continue renovation of the property, and increase rental income accordingly for even more cash flow! Located in a strong rental area. Each unit is currently rented and tenants would like to stay. Rents are below market. Units need TLC, so bring your handyman skills and SAVE! Easy access to major freeways; 405,91,710. Near shopping, grocery stores, schools, parks, and houses of worship. Hurry, this one will not last at this price!! Call today.