About 1 mile away from the beautiful Alamitos beach! Rare rental income opportunity with great monthly cash flow. This 7,096 square foot condo features 16 beds and 16 bathrooms with 8 (2beds/2baths) units. All 8 units offers attractive 2beds & 2baths with a large patio. Seller has recently put $220K into remodeling of all units with brand new kitchen and bathroom. It offers security fence, building owned laundry machines(2 washers/2 dryers), and fenced parking garage. Close to Downtown Long Beach, which has seen major redevelopment in recent years. Nearby schools include Lincoln Elementary School, True Social Justice Academy and Clear Passage Educational Center. The closest grocery stores are La Bodega Market, Amigo's Market and K H Market.Nearby restaurants include Chema's Place, Roma Pizza and New Pho. It is near Peace Park, MacArthur Park and McBride Park. Buyer to Verify all information provided.