529 W 10th, Long Beach, CA 90813

Property Description

We are pleased to present 529 W 10th Street, a meticulously renovated five-unit property on a large 7,750 square foot lot located just minutes from Downtown Long Beach. The property is comprised of a spacious four bed/two bath house along with two duplexes, each featuring one bed/one bath units. Over $320,000 has been invested in exterior/interior renovations and system upgrades with no expense spared. Improvements include a newer roof, PEX plumbing throughout, new electrical subpanels along with the complete interior remodel of every unit—delivering a true turnkey investment. The detached front house has three surface spaces- a rarity for the area. The two duplex tenants enjoy a total of four spaces (two tandem) in the garage area- a premium for the area! A detached two-car garage sits at the rear of the property, providing an excellent opportunity for conversion into an ADU and the ability to expand the footprint up to two stories via SB-1211. With a sub-$500,000 down payment required and the potential to achieve close to a 6% cash-on-cash return, 529 W 10th Street presents an exceptional opportunity for both smaller 1031 exchange buyers and local investors seeking a high cashflow low maintenance property for years to come .