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1651 E South
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- The nine-unit multifamily property is currently listed at $1,295,888.
- This apartment building investment carries a documented 6.93% cap rate.
- Long Beach offers a strong rental market within the greater metro area.
- The site is positioned for investors seeking residential income property assets.
What's Special
Priced at $1,295,888, this apartment building presents an investment opportunity in the multifamily sector of Long Beach, California. The asset comprises nine units and currently reflects a 6.93% cap rate. Long Beach remains a significant hub in the Los Angeles metropolitan area, characterized by its diverse coastal economy and dense population base which continues to drive consistent demand for residential rental properties. Strategically positioned within the 90805 zip code, the property serves as a stable addition to a portfolio focused on income-producing residential assets. Prospective investors may view this building as a candidate for long-term hold strategies, given the steady absorption rates typically found in this established Southern California submarket. The layout supports efficient management of multifamily operations in a region known for its high barriers to entry and sustained housing needs.
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