Highly motivated sellers. Renovate and raise rents in this prime location. Approximately 15% upside in rents. 11.25 GRM and 6.42% Cap Rate based on market rents. The property is comprised of three (3) separate parcels; 9 units at 456 54th Place, 6 units at 35 54th Place and 8 units at 40 Bayshore Avenue. The unit mix consists of; 5 one bedroom/one bath; 3 one bedroom/DEN/one bath; 1 one bedroom/DEN/one bath and laundry room; 9 two bedroom/one bath; 4 two bedroom/two bath; 1 three bedroom/one bath. The units in 35 and 45 54th Place have balconies and panoramic views of beautiful Alamitos Bay and the ocean. Some units at 40 Bayshore have minor ocean views. The property features a central courtyard and 12 on-site parking spaces that provide additional income along with the common area laundry room. Renovate with hardwood floors, granite counter tops, upgrade exterior and achieve substantial rent increases. This location supports it. + See Feature List

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