09/01/2026
Most investors chase the upside. Smart money captures the cash flow.
📍 711 E 6th St, Long Beach, CA
This 12-unit building is 83% occupied right now. Ten units are leased. Two are ready to lease at market rate. That's it. That's the entire investment story.
Current rents average $1,507.50/month. Market rents are $1,525. The gap? 1.17%. This isn't a value-add play disguised as stabilized. This is a stabilized asset that generates income on day one.
You're not waiting for tenant turnover to unlock value. You're not betting on rent growth in a rent-controlled market. You're buying an efficiently-run building in a supply-constrained submarket at an affordable basis—and it's already performing.
Two vacant studios positioned at $1,525/month represent $7.2K of additional annualized NOI. No capital required. No speculation. Just straightforward leasing ex*****on in a market where rental demand has consistently outpaced supply.
Current state: → $132,860 NOI → 6.64% cap → 4.41% cash-on-cash
Pro Forma state: → $135,488 NOI → 6.77% cap → Post-lease ex*****on
Same building. Same debt. Same lean 38.45% expense ratio. Just two leased units. 12 studios. $166,667/unit entry in Long Beach. This is what a cash-flowing asset looks like—no timeline, no contingencies, no narratives.
📩 Taylor Avakian | [email protected] | 916-996-4421 🌎 https://hubs.ly/Q04w4ZyJ0