This is a rare opportunity for a savvy investor to acquire a 108 unit portfolio with value-added potential. All properties are in densely populated urban areas of Long Beach, California.

Location Description:

Value-Add Investment

108 Unit Multi-Family Portfolio

Long Beach, California

Highlights:

>> DESIRABLE UNIT MIX - Features ideal two and three bedroom floor plans

>> VALUE-ADD OPPORTUNITY - The portfolio offers the buyer the opportunity to refresh the buildings and upgrade the interiors to give them a new look and increase rents

>> NON RENT CONTROL - The City of Long Beach has no rent control ordinance. The buyer will be able to quickly tap into approximately 22% upside in rents

>> STRONG RENTAL MARKET - According to the latest report from REIS Research, the Long Beach submarket posted an overall occupancy at 96.6 percent in 3rd quarter 2015. Projections for 2016 state that occupancy will remain high at a rate of 96.5 percent

>> CLOSE PROXIMITY TO RETAIL - The properties are centrally located with proximity to major retailers like Wal-Mart, Denny's 7-Eleven including the Lakewood Center Mall and walking distance to Pine Street retail in downtown Long Beach

>> TRANSPORTATION NETWORK - The properties are located close to the 710 Freeway, Pacific Coast Highway and the Metro Blue Line, providing easy access to all major employment centers in Los Angles County

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