486 E Adair

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Source: California Regional MLS

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PWNGUNHA

(4) unit multi-family building in Long Beach, CA. The building features unit mix of (1) 3 Bed/1 Bath unit and (3) 1 Bed/1 Bath units stretching across 2,800+/- rentable square feet. This stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1. Further, a substantial portion of Rental Income of rents secured by Section 8 Vouchers by Housing Assistant Long Beach Minimizing risk and providing reliable cash flow, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue. The property also includes on site Washer and dryer laundry. The building is in excellent condition, and all (4) units have been extensively remodeled with professional grade finishes. In addition, the gated entry ensures secured access to the property. The property is located within close proximity to many retail, dining, and entertainment options that greatly benefit the tenant mix. This is an investment with strong existing cash flow and minimal maintenance required which is add this solid asset to your rental portfolio. Sellers is Real Estate License in state of California. ALL OFFERS SUBJECT INTERIROR INSPECTION

Property Information

Property Details

Location

Address

486 E Adair

County

Los Angeles

City

Long Beach

Zip Code

90805

Subdivision

North Long Beach (NLB)

MLS Area

7 - North Long Beach

Interior Features

Other Rooms

Laundry Features

Common Area

Building

Building Information

Square Feet

2,800

Year Built

1939

Stories

Construction

Asphalt, Lap Siding

Foundation

Concrete Perimeter

Roof

Asphalt

Condition

Turnkey

Financial

Special Conditions

Standard

486 E Adair, Long Beach, CA 90805

Market Report for 90805