2 adjacent buildings located in Alamitos Beach, Long Beach, totaling 32 units. 725 & 745 Orange - TO BE SOLD TOGETHER. Subject to AB 1482 rent control (max annual increase of CPI + 5%).The buildings feature a great unit mix for the area consisting of 22 1+1's and 10 2+1's. The property also features a ton of onsite parking (40 spaces total) which is an anomaly for the area. Onsite laundry is available as well. The property is priced at a 11.4X GRM (5.6% CAP) against in place rents. The property is professionally managed and well maintained and they are separately metered for gas and electric. There are 40 parking spaces (garages/surface) that could be repurposed into 8 ADU's total - Buyer to verify. The property is located just minutes from Downtown Long Beach where over $8BB of redevelopment is occurring. It is also a few minutes drive from the beach as well as Pikes Place featuring shopping and restaurants. For more information on the local area and all the redevelopment occurring, visit - https://la.urbanize.city/neighborhood/long-beach. EMAIL LISTING AGENT FOR AN OM INCLUDING A RENT ROLL AND ACTUAL EXPENSES.