Rent report generated Nov 24, 2024
The Rent Potential of
632 E Carson St Long Beach, CA
is $12,850 – $17,100/mo.
Rent Advice
This property, located in the desirable Bixby Knolls neighborhood of Long Beach, offers significant rental potential. With seven units, including a sizable 2-bedroom owner's unit, the estimated monthly rental income ranges from $12.85K to $17.1K. The neighborhood's strong rental demand and the property's features, such as central air and a new roof, enhance its appeal. However, rent control and long-term tenants may limit immediate revenue growth. The payback period could be attractive with proper management and potential rent adjustments.
To boost rental income, consider updating interiors to modern standards and exploring opportunities to adjust rents within legal limits. If contemplating a sale, emphasizing the property's well-maintained status, new roof, and prime location in a sought-after neighborhood like Bixby Knolls could attract potential investors. Enhancing curb appeal and marketing the owner's unit as a unique feature might also increase buyer interest.
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