We are pleased to present the opportunity to purchase a rare, value-add offering that is cash flowing at a current 5.24% Cap Rate.� The high cash flow provides a buyer the opportunity to purchase at a 60%+ LTV.� Pine Ave consists of six units that have large floor plans�situated on a 6,740 sq ft lot.� Additionally, there is significant upside potential to add an additional two ADU units, and to utilize the two common courtyards for tenant amenities.� 1952 Pine also benefits from four single car garages which are a commodity in Long Beach.� Located near Downtown Long Beach, and proximate to the 710 & 405 Freeways, this is a strong rental location that will benefit a first time or seasoned investor.
Note - the property consists of large 1bedroom units which operate as 2bedroom units.