1222 E 10th St., Long Beach represents an excellent opportunity for cash flow and upside within a centrally located, straight forward "Bread and butter" asset. Consisting of nicely sized (6) Studio-1 bath and (4) 1 Bed-1 bath units, the property has a consistently high occupancy rate. 5 of 10 units are currently eligible for rent increases Unit interiors have been upgraded as well as the electrical system converted to separate meters and subpanels with capacity for expansion in each unit. The building exterior has just been cleaned, preserved and painted. There is potential to add a laundry room in a large water heater/ store room at the rear of the property (Buyer to verify)
Pending
Listing Provided by:
Eric Christopher DRE #01270278 949-463-2787,
WSC Realty Advisors Inc.
$1,695,000
1222 E 10th St, Long Beach, CA 90813
4beds
10baths
4,522sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$1,676,700 Zestimate®
$375/sqft
$-- HOA
What's special
Separate meters and subpanels
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