1505 E 11th ST Long Beach, CA 90813

1505 East 11th Street, a 21-unit apartment building in Long Beach, California. The property is located in a dense rental area of Eastside Long Beach south of Anaheim Street and between Hoffman and Walnut avenues. This offering presents a great opportunity for an investor to acquire an asset in good condition in a strong rental market and capture huge potential upside in rents.
The property consists of a 1964 construction building with two two-bed/one-bath, nine two-bed/one-and-one-half-bath, seven one-bed/one-bath and three studio units. The units are separately metered for gas and electricity, and the building also offers income-generating on-site laundry and garage parking.
1505 East 11th Street has been well-maintained and boasts recent improvements that include updated copper plumbing, a new mainline, new gutters, new exterior lighting, a newer roof (replaced within the past five years), and the exterior was recently repainted.