Presenting 10355 Long Beach Boulevard, a rare 30-unit multifamily opportunity with excellent visibility on a corner location of a high-traffic thoroughfare. The property has a Lynwood address but lies in a South Gate neighborhood. The property offers a mix of studio, 1 and 2-bedroom units that perfectly cater to the surrounding tenant base. The property is master-metered for all utilities. The roof, electrical panels and water heaters have all recently been replaced new. There is ample parking (31 spaces), laundry facilities and gated access.
Lynwood is an excellent rental market for apartment owners, with the Lynwood/South Gate rental market having extremely low historical vacancy rates and no Lynwood rent control. Given the property’s ideal central location (30 minutes or less median travel time to work) and the city’s renter profile being over 50% of the population, 10355 Long Beach Boulevard benefits from rapidly rising rents as demand far outpaces supply. There is substantial upside to bring the rents up to market levels.
Please contact listing broker for an Offering Memorandum.