Description

The 2nd Street Multifamily Portfolio is a 54-unit multifamily investment portfolio across three separately parceled properties in Long Beach, one of the premier housing markets in Southern California. Specifically, the properties are located in the Alamitos Beach neighborhood, just steps from the ocean, a short walk to Downtown, and minutes to Belmont Shores. Fully renovated in 2017, the portfolio offers investors three exceptionally well-appointed buildings with a clear opportunity to increase rental income by almost 6 percent. Given the demand for modern and unique housing options, the 2nd Street Portfolio provides a distinct competitive advantage over other units in the area with higher asking rents. The 39,258 square foot portfolio consists of studio, one-, two-, and three-bedroom floor plans. Originally built in 1954 & 1956, 2nd Street Portfolio offers amenities including communal courtyard, custom barbecue, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, hardwood floors, storage lockers, and more.

Features

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• 0.78 Acres
• 2 Stories