5529 Dairy, Long Beach, CA 90805

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Propiedad de renta Activa

5529 Dairy

$3,395,000

Descripción general

ID de la propiedad: HZPW26176341

Mixed Use
Tipo de propiedad

0
Garage

1964
Año de construcción

Descripción

Fully renovated 10-unit apartment community offering a turnkey investment opportunity at an attractive 7% cap rate. The property underwent a comprehensive, permitted renovation down to the studs, including a new roof, electrical, plumbing, HVAC, windows, individual water heaters, and modernized interiors throughout. The unit mix consists of (5) 1-bed/1-bath and (5) 2-bed/1-bath units, including three newly constructed ADUs. Separate gas and electric meters and individual water heaters help minimize operating expenses. The majority of the units are master leased to a single organization, providing consistent income, reduced vacancy exposure, and streamlined management. Conveniently located in North Long Beach with access to major employment centers, transportation, and surrounding coastal communities.