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1562 W 31st Street
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Four-unit residential apartment building available in Long Beach
- Current asset offering features a cap rate of 8.6%
- Property is listed for sale at 1,249,000 dollars
- Located in a significant Southern California coastal market
- Suitable investment for regional multi-family portfolio growth
What's Special
This 4-unit multifamily apartment building is situated in Long Beach, California. Positioned within a key coastal market in the Greater Los Angeles area, the property serves as a stable residential asset for investors seeking exposure to a dense, urban environment with strong tenant demand. The surrounding region benefits from proximity to major logistical hubs and the Port of Long Beach, which remains a cornerstone of the regional economy. With an 8.6% cap rate, this asset provides a clear income-producing profile suitable for portfolio diversification. Long Beach continues to attract a steady demographic of renters drawn to the local employment base and proximity to regional transit corridors. The property layout and unit count allow for streamlined management and operational efficiency, making it an appropriate acquisition for those looking to capitalize on established residential submarkets in Southern California.
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