290 W 19th Street, Long Beach, CA 90806

This charming 3-unit property in the desirable South Wrigley neighborhood features one 2-bedroom unit and two 1-bedroom units. Ideally situated less than one mile from the 710 Freeway, under two miles from the 405, and just two miles north of the beach, the building sits on a picturesque, tree-lined residential street. Priced at a 15.33 GRM, the property offers approximately 10% income growth potential to reach a market GRM of 13.6. The 2-bedroom unit has no shared walls, includes a 1-car garage with laundry, and features a spacious private back patio. Each 1-bedroom unit shares only one wall and comes with a dedicated laundry/storage room with a separate entrance and tandem parking for 2 cars. Individual electric and gas meters for each unit reduce owner expenses. Located in an opportunity zone, this property presents both immediate value and future growth potential. All units have double paned windows, new heaters, and have been earthquake retrofitted. The plumbing in the 1 Bed … read more …