2311 E 11th Street Long Beach, CA 90804

2311 E 11th St is a rare opportunity to acquire 4 Units & an ADU collecting an additional $1,590 per month. The property will be financed residentially. This building is located between Downtown Long Beach and the Traffic Circle Area, less than 1.5 Miles to the Pacific Ocean, where long term rental demand is high. The property offers strong in place rents, trading at a CAP rate of 4.86% and GRM of 13.49. Four of five tenants are Section 8, offering secured income. The ADU has recently been completely remodeled. Rental increases to take effect in January and March. Bathroom remodel completed on one other unit. ADU permit to be transferred to new owner through escrow. See offering memorandum in supplements for additional details.