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Great investment opportunity in the Wrigley neighborhood of Long Beach! This 12-unit property offers 30% upside in rental income and is surrounded by primarily single-family homes, making street parking more accessible. The property includes four garage spaces, providing potential for ADU conversions to increase cash flow.Two units can be delivered vacant at close of escrow. Additional income streams include an on-site coin-operated laundry room. There is potential to implement RUBS to further boost cash flow.Priced competitively at $149,917 per unit, this is an excellent value in a strong rental market. Don't miss out on this high-potential asset!
Property Type(s):
Residential Income
| Last Updated | 3/20/2025 | Year Built | 1923 |
|---|---|---|---|
| Community | Wrigley Area | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AREA | Wrigley Area |
|---|---|
| GARAGE | Yes |
| LOT | 7173 sq ft |
| LOT DESCRIPTION | 11-15 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | LBR1N |
Location
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Listed with Sage Real Estate Group, Inc.
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