435 W 11th ST Long Beach CA 90813 MLS #25528237

PRICE REDUCED AND READY TO SELL. Priced at 9.5 GRM and a 7.0% CAP with upside to 8.3 GRM and a 8.4% CAP. 9 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control – maximum annual increase of 5% + CPI (currently 8.0%). Located on the West Side blocks from Downtown Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree-lined street. The property is professionally managed and well-maintained. All units have their own private parking included, and most have a private outdoor patio. All have W/D hookups. All units have their own water heater. Rents have not been raised in over a year. A new owner can raise rents to market and achieve a 8.3 GRM and 8.4% CAP. Earn over a 15% cash-on-cash return at market rents. Qualified Buyers can put as little as 25% down. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.