2203 E Bermuda St, Long Beach, CA 90814

This prominently located 1980's multifamily property features very large, townhouse-style units with oversized balconies or patios for every unit and excellent on-site parking. The Property offers investors an incredible value-add opportunity. With rents approximately 40% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. In addition, an investor can look into the potential to create ADU's in the parking areas. The property has remote-controlled garage parking for 9 cars as well as a 10th uncovered parking space, all of which are generating income. There are two additional parking garages that are currently rented out for storage. The property also features secured entry at the front and back, as well as a laundry room. It is separately metered for gas and electricity.