1107 Mahanna Ave Long Beach, CA 90813

This exceptional multifamily investment opportunity presents a well-maintained three-unit apartment building located at 1107 Mahanna Ave, Long Beach, CA 90813, within Los Angeles County. Built in 1919, this property boasts a strong net operating income (NOI) of $37,700, translating to a compelling 3.44% capitalization rate. The asking price is $795,000, representing a price per unit of $265,000 and a gross rent multiplier (GRM) of 15.06. The property is classified as both an apartment building and a single-family rental portfolio, offering flexibility and potential for diverse income streams. The land value, calculated at $469 per square foot, underscores the significant potential for future appreciation. This property is an attractive investment for those seeking a stable, cash-flowing asset in a desirable Long Beach location. The property's location offers convenient access to local amenities and transportation. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-positioned multifamily property with a proven track record of profitability. Don't miss out on this chance to add a valuable asset to your investment portfolio.