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Amazing 7.4% in-place yield plus a 10% upside to an 8.4% cap rate at market! 1953-built, 10-unit property in a dense, high-demand rental area of Long Beach. 8.9X GRM on current rents and 8.1X GRM at market for postwar units under $200K/door. Strong unit mix: (8) 1 bed / 1 bath and (2) 2 bed / 1 bath units. 4 of 10 units just remodeled with new flooring, lighting, kitchens and bathrooms. Community laundry room plus 4 garages for added income or ADU conversion potential. All units separately metered for gas and electricity. Directly across from Washington Middle School, currently undergoing a $176 million reconstruction. Just a few blocks to the Metro Blue Li...ne rail station, PCH and the 710 Freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (Costar).

CRMLS, MLS#: SB26242091
Listed By: Buckingham Investments, Inc, Anthony Walker
Co-listed By: Josh Ess, josh.ess@buckinghaminvestments.com

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Accessibility Features

  • None

Appliances

  • Gas Range

Common Walls

  • Two Common Walls Or More

Community Features

  • Urban

Construction Materials

  • Stucco

Cooling

  • None

Electric

  • Standard

Fencing

  • Wrought Iron

Fireplace Features

  • None

Flooring

  • Tile
  • Vinyl

Foundation Details

  • Raised

Heating

  • Wall Furnace

Laundry Features

  • Common Area

Levels

  • Two

Lot Features

  • Rectangular Lot

Pool Features

  • None

Road Frontage Type

  • City Street

Road Surface Type

  • Alley Paved
  • Paved

Roof

  • Flat

Sewer

  • Public Sewer

Spa Features

  • None

Utilities

  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

View

  • None

WaterSource

  • Public

Rooms

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Listed By:
Buckingham Investments, Inc
Anthony Walker
Josh Ess, josh.ess@buckinghaminvestments.com

Data Source: CRMLS

MLS#: SB26242091

Data Source Copyright: © 2026 CRMLS All rights reserved.

© 2026 Provided by CRMLS

This property was listed on 11/11/2026 and last updated as of 11/12/2026 6:48:51 PM. OSI IDX updated the data from CRMLS on 11/15/2026 at 3:00 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.