1050 E Hellman St 6 Unit Apartment Building $1,497,000 ($249,500/Unit) 5.94% Cap Rate Long Beach, CA 90813

This well-maintained and upgraded 6-unit property is a turnkey multi-family investment opportunity. Located in one of Long Beach's sought-after rental markets, this property offers 2 quality buildings on one lot totaling approximately 3,542 SF of living space on a generous 4,240 SF lot. Front building is 4 one-bedroom, one bath units and the rear building has 2 one-bedroom, one bath units over four single-car garages. Property has undergone significant improvements including upgraded electrical and panels, new ABS sewer lines, remote-controlled garage doors, a new roof on the rear building, foundation fortification, new 75-gallon water heater, and refreshed interiors with stainless steel stoves. Cesar stone kitchen counters, luxury vinyl floors, wall heaters, and portable A/C in all units. This is a solid fit for an investor seeking an easy-to-manage asset with garages and virtually no grounds work. What distinguishes this offering is the scale, proximity to everyday conveniences, and ease of ownership - a rare combination.