Description

Broadway @ Alamitos Beach is comprised of two adjacent apartment buildings with a total of nine units along with a 3,850-square-foot parking lot with 12 spaces in prime Alamitos Beach. The unit mix consists of eight 1 BD/ 1 BA units and one larger 1 BD / 1 BA unit.

Eight units of the nine units have been renovated with modern fixtures and finishes, including new countertops, laminate wood flooring, stainless steel appliances, bathtubs and vanities, ceiling fans, lighting, and window coverings.

Exterior and common area renovations include a remodeled laundry room with new machines and new flooring in hallways and staircases. New landscaping includes installation of concrete hardscape and modern fencing, drought tolerant plants with drip irrigation and lighting.

On-site laundry facilities, garage storage and workshop storage provide current additional building income. There is potential to turn the 300 square foot workshop storage into an ADU for approximately $1,895 in additional monthly income.