2053 E Appleton ST Long Beach, CA 90803

Unique opportunity to own a TURNKEY SINGLE-TENANT bldg, yielding nearly 6% CAP, with minimal management requirements! ZERO VACANCY FOR THE PAST 10 YEARS! Also a great investment for absentee owners. High quality tenant has their own management team in place, and pays ALL utilities, landscaping, and some maintenance. Annual rental increases available. EXCELLENT RENTAL AREA, blocks to the beach, close to downtown business area, shopping, restaurants, schools & public transportation. 1978 construction, new (partial) roof & exterior paint in 2011. All unit interiors are well maintained with newer tile, carpet or wood vinyl plank flooring & new paint. Central laundry room (tenant owned laundry equipment). 6 garages with 2 covered spaces. Gated access to building & beautifully landscaped courtyard.