API Completes the Sale of a $2.46m 8-Unit Apartment Building in Long Beach
Alden Pacific Investments recently closed on an 8-unit building located at 1420 Walnut Ave, Long Beach, CA 90813. The property traded at a 4.37% CAP rate with 15% upside to market rents. The building features 4 recently renovated units and several other capital improvements. Managing Broker John Alden represented both the buyer and the seller on this deal.
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