1950 San Francisco AVE Long Beach, CA 90806

1950 San Francisco Ave., Long Beach, CA, a 5 unit building located on a beautiful street in South Wrigley. The property consists of (1) 3-bed/1-bath House, (4) 1-bed/1-bath units. Front 3-bed/1-bath will be vacant shortly after close of escrow. The property sits on a large 6,681 lot, with 3,439 of building area. Located on a beautiful street and in an ideal cul-de-sac in the quiet part of South Wrigley, this property has a current 5.02% CAP, with a market cap at nearly 7%! The property is equipped with 3 garages, and is offering one of the higher CAP rates on the market. This is the perfect investment for any buyer or owner looking to own property in one of Southern California's last affordable beach cities.

Current Tax Assessment shows 4 units, but verified permits with the city showing all work was properly done in 1950 for 2nd unit and in 56 for the additional 3 units. Buyer would need to work with city to get corrected on Tax Code. Buyer To verify.