4675 N Bellflower BLVD Long Beach, CA 90808

Just reduced price by $100K! The asset is now offered at a 5.26% Cap Rate and 12.80 GRM on current actual rents with all tenants up to date on rent payments. The unit mix is comprised of Four (2 Bed / 2 Bath), One (2 Bed / 1 Bath) and Four (1 Bed / 1 Bath) spacious units averaging 789 square feet each. Ownership has made substantial improvements (all permitted through the City of Long Beach), including: Converting Three out of Four (2 Bed / 1 Bath) to (2 Bed / 2 Bath) units, brand new 400 AMP main service + in-unit sub-panels, new plumbing from the water meters to the units, double pane vinyl windows, added Whirlpool washers/dryers in 6 out of 8 units, fully renovated seven units with white shaker cabinets, high grade faux wood floors, granite counter-tops and three-piece Amana stainless steel appliances. The asset presents a unique opportunity to purchase a turnkey 8-Unit complex with +/- 10% upside in rents located in one of the premier zip codes in Long Beach, providing an investor with incredible in-place cash flow and a low maintenance building moving forward.