501 E 51st ST Long Beach, CA 90805

70% of building (very high %) is Section 8 or Program tenants for guaranteed income! Building is professionally managed (month-to-month), on large corner lot, undergone recent improvements/upgrades including enhanced foundation and is separately metered for gas and electric. Additional upside for rents. Separate laundry room provides extra income. Located in very strong rental market and approx. 1 mile from the very popular “Bixby Knolls” which is an active community and exceptionally family-friendly neighborhood. Bixby Knolls has embraced neighborhood events from “First Fridays” to Kidical Mass bike rides & stroller groups. Businesses stay open late as folks stroll between restaurants, shops, and street-side booths while being entertained by live bands and entertainers. Bixby is also home to the Helen Borgers Theater, the Long Beach Shakespeare Company and the Historical Society of Long Beach. Bixby is undergoing a true “renaissance” with many great partnerships with the City of Long Beach, City Council, neighborhood associations and other community groups.

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