10 Esperanza AVE Long Beach, CA 90802

Rents increased $600, per month, new rental income of $5,650 will take effect in 60 days. Well located 4-plex in Alamitos Beach, 1/2 block from the beach and a few blocks from downtown Long Beach. The property is comprised of (4), large 1-bedroom/1-bath units. The rents are well below market and offer a new investor the opportunity to increase rents over 40% and immediately add value to the asset. These classic Spanish units come with hardwood flooring, spacious living rooms and dining rooms, original built-in's with extra storage. All the units are charming and in good condition. New roof in 2016!

The building is situated just steps from the ocean, but they are also adjacent to the $6 billion in new development coming to the surrounding area of Long Beach. That includes the $520 million Civic Center project, $250 million Queen Mary Island waterfront development, and $52 million Long Beach Aquarium expansion.