Rent report generated Nov 26, 2024
The Rent Potential of
632 E Carson St Long Beach, CA
is $13,065 – $15,100/mo.
Rent Advice
This multi-family property in Long Beach, situated in the desirable Bixby Knolls neighborhood, has significant rent potential. With 7 units and a rent range of $13,065 to $15,100 monthly, it offers an annual revenue potential between $156K and $181K. The property's features, like central air, new roofing, and ample garage spaces, enhance its appeal. However, the area's rent control and long-term tenants pose challenges in raising rents. Current market trends in Bixby Knolls show steady appreciation, supporting future value growth.
To boost rental income, consider modest upgrades like modernizing interiors and enhancing curb appeal. This could justify rent increases within permissible limits. For the current owner contemplating a sale, emphasizing the property's recent roof upgrade and its strategic location in a thriving neighborhood could attract premium offers. Also, highlighting the potential for increased rents with new tenants could be a strong selling point.
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