Description

1206 Gladys Avenue is an eight-unit, value-add apartment asset located in Long Beach.

Built in 1986, the property features desirable 1980’s construction. All eight apartments are sizable 2 BD / 2 BA units. Two of the units have been upgraded with luxury finishings, including in-unit washers and dryers, new cabinets and countertops, AC, minisplits, and tankless water heaters.

The onsite laundry room and 14 parking spaces provide the opportunity for additional income.

1206 Gladys Avenue provides a new buyer with an attractive value add opportunity with approximately 20% upside to market rent.