174 E Plymouth St 9 Unit Apartment Building $3,004,452 CAD ($333,828 CAD/Unit) 5.41% Cap Rate Long Beach, CA 90805

174 E Plymouth Street is a 9-unit apartment building located in Long Beach, California. Constructed in 1961, the subject property contains 6,187 rentable square feet that is placed on a 7,500 square foot lot. The existing units consist of (9) 2 Bed + 1 Bath units, additionally there are 4 single car parking garages and a shared laundry room. 
The subject property is located in the eye of the Addams neighborhood, of North Long Beach. Situated just one block South of Market Street, and two blocks East of Long Beach Blvd the property benefits from its convenient location. Long Beach Blvd is known for its diverse range of amenities, including fine dining options, retail shopping centers, and various businesses. With a high walk score of 83, this indicates that residents in this area can easily access these establishments on foot, contributing to a vibrant and walkable neighborhood. These locations may provide additional local services, cultural centers, or points of interest that contribute to the overall appeal and character of the neighborhood.  
The subject property is attractive to a wide tenant pool because it contains an attractive unit type.  2-bedroom apartments appeal to a broad range of tenants, including work from home individuals looking for an at-home office, small families, couples, and those with roommates. This versatility increases the chances of finding suitable tenants quickly, reducing vacancies and maximizing rental income.  
174 Plymouth Street is an exceptional investment opportunity for those looking to acquire a quality multifamily property in Long Beach. With its attractive design, convenient location, and functional units, this apartment building is sure to be a desirable destination for renters and a smart investment for its owner.