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AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building located in Long Beach California
- Total building footprint comprises 11 individual residential units
- Current asset performance reflects a 6.8% cap rate
- Available for acquisition at an asking price of 1800000 dollars
- Positioned within the active 90802 urban rental submarket
What's Special
Investors seeking to expand a residential portfolio will find this 11-unit multifamily apartment building a functional addition. Situated in the 90802 ZIP code of Long Beach, California, the property is positioned within a dense urban submarket known for consistent rental demand and proximity to major employment hubs and coastal amenities. The asset currently operates at a 6.8% cap rate, offering a clear performance metric for those analyzing income-generating potential in the Southern California market. Long Beach remains a central component of the greater Los Angeles metropolitan area, drawing a diverse population base that relies on the area's robust transit infrastructure and economic activity. This property represents a straightforward value-add or stabilized acquisition for operators familiar with the regional apartment sector. The scale of the unit count provides sufficient density for efficient management while maintaining a manageable footprint for owners looking to establish or maintain a presence in this coastal city.
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