1219 E Phillips St, Long Beach, CA 90805

The subject property is a 7-Unit apartment building comprised of (1) 2-bed / 1-bath, (5) 1-bed / 1-bath, and (1) Studio, and is separately metered for gas and electricity. The building is approximately 4,018 square feet, situated on a 5,371 square foot loot, and was built in 1958. Most of the units have been completely renovated, including all new cabinets, flooring, and new windows. Furthermore, the property sits as the only apartment building on the street, and is surrounded by mostly well maintained single family homes, thus decreasing competition from other apartment owners in the area. A new investor has an excellent opportunity to acquire a well maintained apartment building in a strong rental market, continue renovation of the property, and increase rental income accordingly.