Buyer backed out. This is Your Gain! Fantastic location with an upside on the rents. Or build 2 story multiunit residences. Many possibilities, check with city. Longtime tenants. Upgraded 3 years ago with newer carpeting, new exterior paint, new door covers, tented for termites. Interior units are in very good condition. Tenants pay on time. Each of the 4 units is one bedroom one bath. Kitchen has white tile and cabinets in good condition. All rooms are in good condition also. Solid construction. Rents provided ($33,321) will be effective September 2019 due to 4% increase in rents. Pro forma is approx. $1,500/each. (Actual rents are $32,040/annual). Appliances belong to tenants. Five car parking onsite. Nearby & in construction is the $ Billion+ San Pedro Waterfront project, also nearby is the downtown San Pedro Farmer's Market, walking distance to Cabrillo Beach and Cabrillo Marina, Point Fermin and White Point Parks. Long Beach is right over the nearby Vincent Thomas Bridge. Easy access to Terranea and the Trump National Golf Course. Easy access to LAX, the 110, 91 and 405 Freeways, and express buses to downtown L.A. Great upside and well located for owner occupier. Property subject to rent control. All info deemed accurate, not guaranteed. Offer is subject to inspection and cancellation of existing escrow.
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