2223 Myrtle Avenue
2223 Myrtle Avenue
Long Beach,
CA 90806
14 Units
![2223 Myrtle Avenue](https://tmg.cre.link/f/1374/1226501/egpimaging_2223Myrtle_001_MLS_.jpg)
Property Summary
Price | $3,595,000 |
Units | 14 |
Investment Highlights
- Strong In-Place Cap Rate with RUBS Program Implemented
- Recently Renovated with Completely Upgraded Kitchens/Bathrooms
- Desirable Long Beach Location with Individual Water Heaters, Gas and Electric
- Attractive Rent vs Buy with New Electric Subpanels/Windows/A/C units
- RUBS Upside with Custom Tile/Facets/Counter Tops
Property Description
The Mogharebi Group is pleased to present the opportunity to acquire 2223 Mrytle, a 14-unit secured access community located in Long Beach, California. The property has recently undergone significant renovations including new paint and landscaping. Renovations continued throughout the unit interiors which include modern quartz countertops, stainless steel appliances, and custom cabinetry. The property is located within a walkable distance to many nearby points of interest such as Long Beach City College, MLK Jr. Park, and PCH. This prime location, when paired with the high quality renovations, allow 2223 Mrytle to easily capitalize on a large potential tenant base and strong local economy.
2223 Myrtle Avenue
Long Beach, CA 90806
Long Beach, CA 90806
Listing Advisors
Mike Marcu
Based on this listing