2040 E Florida ST Long Beach, CA 90814

AMAZING LOCATION!!! Alamitos Beach/Carroll Park! 1972 construction building with no deferred maintenance. Perfect unit mix: 1 - 3 bedroom/2 bath, 1- 2 bedroom/2 bath, 6 - 1 bedroom/1 bath. Building runs smoothly w/long term tenants. Vacancies are rare. DEFINITE Upside in Rents - no rent control in Long Beach! Separately metered for electric and units have individual hot water heaters (to keep expenses low). 4 garages and 8 parking spaces. Laundry room w/ seller's own machines. This building would be perfect to add to your investment portfolio! Income Actual, Expenses are Estimated. Proforma info: Market rent on 1 Bedrooms = $1095. Market rent on 2 Bedroom/ 2 Bath = $1350. Market rent on 3 Bedroom/ 2 Bath = $1500. Proforma rent = $9745/mo - $116,940/yr. Proforma Cap = 5.76% - GRM = 13.04