6300 N PARAMOUNT Blvd N, Long Beach, CA 90805

Property Description

See spread sheet in 'media' to view cash flow opportunity of over $530 per month with as low as 25% down w/non-owner occupied loan. All expenses have been accounted for including property management fees of 6%. This is agreat 1963 property with a single stucco structure for low maintenance & lower insurance costs. Termite inspection was completed and only $950 was spent to bring it up to standards. The exterior was just completely painted in Sept. at a cost of $5,000, so it is good to go on the outside. There is a separate space for an income producing laundry room and 4 individual garages. Newer windows all around & tiled showers over the tubs in the bathrooms. 3 tenants were at $1,100 & 1 was at $1,000. They could all easily be $1,100 with some new carpet and paint on the inside. (Section 8 goes as high as $1300 in 90805 for 2 bedrooms)Building will be vacant and close of escrow and you will be able to hand pick your own residents or have BeachCitiesManagement.com do it for you.