7.1 CAP Investment, 8 Blocks To The Beach

$685,000

4 Units - 3,498 SF

 


 

816 Alamitos Ave, Long Beach, CA 90813

Fantastic opportunity to generate income on a 4 unit property 8 blocks to the beach. This property has large square footage, recently updated by the current owner, good tenants, a fantastic CAP rate and close proximity to Downtown Long Beach. The front house is a 4 bed, 1 bath, with a craftsman style facade and gated lawn front yard. The middle house is a 4 bed, 2 bath, and the back house is a duplex with 3 bedrooms and 1 baths in each unit. The separate buildings on this property provide privacy for tenants. Current rents below market value with significant upside. This property is the best investment property on the market.


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