Proforma rents will give you a 5.3% cap rate. All units are
month-to-month agreements. Large well maintained Triplex. 3 large
units all w/open floor plans. Over the past 5 yrs the bldg has had
a new roof, Double Pane windows, New wall A/C & heater systems,
new security cameras all around the building, motion detectors
& monitoring equipment, new security front gate, New premium
quality heavy duty steel security screens on all front doors. Newly
remolded 3 bed/2 bath w/1,335 sq ft. has beautiful wood laminate
flooring throughout. Kitchen has new cabinets, granite counters,
& tile floors. Bathrooms have granite counter tops & tile
flooring as well. Master has floor to ceiling closets, New interior
doors, New blinds throughout, Scraped ceilings, New concrete patio
in the back yard (drought friendly landscaping). All 5 single car
garages have new roll up doors & storage area inside, interior
lights & new lights outside above each garage. Newly pressure
washed exterior. Both 2 beds both have very large living rooms and
kitchens w/lots of cabinet space. Both bedrooms are large w/walk in
closets. Large separate laundry room has full sized side-by-side
coin operated washer & dryer including wood cabinets with tons
of storage. Everything in the owners garage stays incl; desk
w/computer monitor, Craftsman tool cabinet & all tools, New
vise clamp on work bench, shop Vac, grinder. Great up-and coming
area in Long Beach. Check out the financial analysis in the
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