The Long Beach Multifamily Collection is comprised of 16 stabilized assets in “B” locations across Long Beach, totaling 155 units and 96,032 square feet.
Over 45% of the units offer two or more bedrooms. Most of the units feature updated plumbing and electrical, laminate or linoleum flooring, ceiling fans, hood-vent microwaves and dishwashers.
A majority of the properties have onsite laundry rooms and offer adequate parking in neighborhoods that are typically parking-impacted.
Nearly 53% of the units are Section 8 and provide solid, reliable income. Many of the properties can be purchased with 75% LTV at an attractive 3.2% interest rate.
