Neighborhood: 4 - Downtown Area, Alamitos Beach, Alamitos Beach (ab)
Pool Features: None
1030 Myrtle Ave is a 4-unit located in North Alamitos Beach, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. The 4-unit was built in 2005 and consists of 3,040 SF of living space situated on a 6,535 SF lot. 1030 Myrtle Ave offers an ideal unit mix consisting of (3) 3-Bed/1-Bath units and (1) 1-Bed/1-Bath unit. The property features (4) 2-car garage spaces, on-site laundry, and separate meters for gas & electric.
Located in one of the strongest rental markets in California and currently performing above a 5% cap rate - this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low.