2366 Lime Ave, Long Beach, CA 90806

Check out this aggressively priced cash cow with an actual 6% cap rate and 12.27 GRM on current rents! This two level 6-unit property is turn-key and fully stabilized with 4 three-bedroom, two-bathroom units, and 2 separate one bedroom, one-bathroom units. Each of the three-bedroom units are roomy and spacious with interior laundry and their own one car garage. There is a common area laundry room for the rear one-bedroom units. All of the tenants are Section 8 tenants, making this property recession and moratorium proof, since over 73% of the rent is paid directly by HUD. The price and terms for this building can't be beat!