Mike Marcu

This is a 26-unit value-add mixed-use offering in Long Beach. The two-building property, which totals approximately 17,730 square feet, is in the Historic Rose Park District on the northeast corner of 7th Street and Cherry Avenue. It comprises 8 retail spaces, one studio, 12 one-bedroom apartments, and 5 two-bedroom apartments.With approximately 20% rental upside to capture, with some renovations

Offering a return of 6% plus market capitalization rate and a market GRM of 9.93X Baldwin Valley Apartments offers an opportunity to renovate approximately half the units and capture loss to lease on many previously renovated units. With a central location in the San Gabriel Valley, the unit mix caters to the demand in the immediate area, The tenants pay electricity and for parking.

1323 Dawson Avenue is a 12-unit apartment asset in Long Beach, California. The property is offered at 8.85 GRM and 7.36% Capitalization Rate on current rents. The property is comprised of 10 Studio’s and 2 one-bedroom apartments, with most of the units being single story construction. Parking is off site and utilities are master metered, providing additional income upside through the