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Awesome 7-Unit Rental Property with Major Upside Potential! Don’t miss this unique investment opportunity featuring 7 rental units spread across 5 individual buildings in a well-maintained compound. With strong tenant stability and significant room for rent increases, this is the perfect value-add property for savvy investors. Each unit has its own individual water heater and separately metered gas and electricity, making this a low-maintenance investment with minimal owner expenses. Very quiet and stable tenants. Units are unfurnished; tenants provide their own refrigerators and stoves. Current rents are below market, providing a great opportunity to increase cash flow over time with strategic updates or new leases. This is a rare chance to acquire a solid, income-generating property with room to grow in a desirable rental market. Don’t miss out! Unit Breakdown:4 standalone 1 bed / 1 bath cottages 1 standalone 2 bed / 1 bath 1 building with two units – EACH 2 bed / 1 bath Property Highlights: Each unit has its own individual water heater Copper plumbing throughout 3 units fully remodeled approximately 4 years ago Roofing is approx. 10 years old with 15 years remaining on a 25-year roof Tenants pay their own gas and electricity Low-maintenance investment with upside on current rents Off-street parking for all units—spaces available inside the compound and at the alley.
Property Type(s):
Residential Income
| Last Updated | 4/18/2025 | Tract | unknown |
|---|---|---|---|
| Year Built | 1924 | Community | North Long Beach |
| County | Los Angeles |
Additional Details
| AREA | North Long Beach |
|---|---|
| LOT | 6503 sq ft |
| LOT DESCRIPTION | 6-10 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | unknown |
| WATER | Public |
| ZONING | LBR2N |
Location
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Listed with Wynn Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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