2451 Clark Ave, Long Beach, CA 90815

Very nice East Long Beach Duplex in Sterns Park tract. Both units are 2 bedroom, 1 bath. Recently Painted Outside, Newer Roof, Copper Plumbing, Both Water Heaters Recently Replaced, New Hardwood Laminate Flooring, Remodeled Kitchen in Back Unit one year ago. Owner just, 5-25-09,remodeled kitchen in front unit.(Not shown in photos yet), Upgraded Bathrooms in Both Units, Both Units have Spacious Private Back Yards, Shared Two Car Garage, Non-Permitted Recording Studio in Back Yard of Back Unit. Currently Rented to Family Members at Below Market Rents, they are in escrow on their own home and will be moving out next month. Current Rent in the Area is Averaging $1,400 to $1,700 per unit bringing cap rate to over 6%. Cap rate shown is using projected rent of $1,500.00