The 7-unit multi-family property at 632 E Carson St in Long Beach, located in the desirable Bixby Knolls neighborhood, shows solid potential for a flip. With a valuation of approximately $1.93M and comparable properties averaging around $2.02M, the property is well-positioned. However, the current rents are low due to long-term tenants, which may limit immediate cash flow but offers an opportunity for uplift with strategic improvements.
To enhance the property's appeal and value, consider updating the common areas and individual units, especially the bathrooms and kitchens, which are crucial for attracting new tenants or buyers. Evaluate the potential for increasing rents post-renovation to maximize ROI. Given the area's median price of $1.01M, a careful upgrade could yield significant returns in a hot market.