TEN60 - Short Term Appreciation
- Rapidly improving Long Beach sub-market of Los Angeles.
- Non-Rent Controlled property built in 1985 with a desirable mix of all two-bedroom units with two floor plans.
- Well-maintained professionally managed asset with absentee ownership. Newly renovated units in need of minor cosmetic updating.
- All units on month-to-month tenancy with in-place rents 44% below market.
- Ability to implement rapid rent increases and tenant relocation without fees or penalties.
- Property construction is currently underway and scheduled for completion for August 2018 occupancy.