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1202-- 1210 Myrtle
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building available for sale in Long Beach
- The property includes five individual rental housing units
- Current asking price for the asset is $1,050,000
- This investment reflects a reported cap rate of 4.95 percent
- Property is situated in the 90813 zip code of California
What's Special
Priced at $1,050,000, this multifamily apartment building located at 1202-1210 Myrtle in Long Beach provides a stable investment option in a dense Southern California coastal market. The property consists of five units, appealing to investors seeking to manage a compact residential asset within this established urban submarket. Long Beach serves as a major logistical and economic hub, benefiting from its proximity to the Port of Long Beach and a steady demand for rental housing across the region. With a 4.95% cap rate, this asset functions as an income-generating vehicle suitable for a portfolio focused on residential multi-family holdings. The location offers accessibility to various regional transit routes and neighborhood amenities characteristic of this growing metropolitan area. Buyers looking for manageable unit counts in a high-demand rental environment will find this configuration aligns with standard core-plus investment strategies.
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