5729 California Ave, Long Beach, CA 90805

Property Description

Rare 7 unit property in low density residential area of North Long Beach, nice SFR's & duplexes primarily. There is a Neighborhood Market adjacent to our property but it faces South Street and the Market has no rear parking or rear entrance (see photos), which actually provides a certain amount of privacy. Beautiful mixed-use building directly across street. This is a Prime Investment Opportunity for the smart investor willing to professionally manage and maintain the buildings. Lots of upside potential to this 7-unit property with creative land-use improvements to the existing open areas which will increase tenant living enjoyment and increase the rental value of this exceptional multi-family investment opportunity. Property consist of a detached 2bed SFR in front with mid-yard separating it from two separate 2-story apartment buildings. Left building has 4 partially furnished Studio units & right building has 2 Studio Apt. Tax says 1bedrms but only bedrooms are in frony house. Property is under section 8 and other government rent subsidiaries. There's a small court yard in between the two rear buildings as well. The parking area is deep & wide and with painted angled parking lot striping it could easily accommodate more cars for off street parking. Run the numbers and make an offer!