This 7-unit multifamily in Bixby Knolls, Long Beach, has current reported rents of $10.8K/mo, but the comp data and local rent averages suggest it could command $12.7K–$15.5K/mo if rents were at market. That’s an annual gross of $152K–$186K. At the current $1.87M valuation, your estimated payback period is 12–15 years, healthy for SoCal. The property’s size (6,147 sqft), updated roof, double vanities, and strong owner’s unit all boost rentability. Bixby Knolls remains a stable, high-demand neighborhood with low vacancy and steady rent growth, but some units are under-rented due to long-term tenants, representing clear upside—and some challenge.

To maximize rental income, consider gradual rent increases (within local rent control limits) and targeted unit upgrades—think modern finishes or in-unit laundry where possible. If you’re thinking of selling, highlight the value-add upside to buyers: the below-market rents, prime location, and strong unit mix. Curb appeal and well-kept common areas will also attract higher-paying tenants or investors.