Location Summary

• The subject property is located in the highly desirable area in the Alamitos Beach area of Long Beach. One mile South of Pacific Coast Highway and just one mile North of the beach. Long Beach is a city situated in Los Angeles County in Southern California, on the Pacific coast of the United States. The city is the 36th-largest city in the nation and the seventh-largest in California. As of 2012, its population was 467,892. In addition, Long Beach is the second largest city within Greater Los Angeles Area, after Los Angeles, and a principal city of the Los Angeles-Long Beach-Santa Ana metropolitan area. The city is a dominant maritime center of the United States. The Port of Long Beach is the United States' second busiest container port and one of the world's largest shipping ports. The city also maintains a large oil industry with the substance being found both underground and offshore. Manufacturing sectors include those in aircraft, car parts, electronic and audiovisual equipment, and home furnishings. It is also home to headquarters for corporations including Epson America, Molina Healthcare, and SCAN Health Plan. The Uptown neighborhood of Long Beach is known as one of Long Beach's most established and desirable urban neighborhoods. The pedestrian-friendly location is situated between the employment centers of Downtown Long Beach and South Lake Union, and offers residents the ability to take advantage of the many walkable amenities in the surrounding neighborhood given its central location. The Centre Court has a Walkscore of 96 which means it is a Walker' s Paradise and most residents can complete daily errands on foot. Nearby grocery and drugstore options include QFC, Safeway, Metropolitan Market and Bartell Drugs. This area of Queen Anne is also known for its many trendy restaurants, bars, high-end boutique retailers and neighborhood parks.
• Palm Court Apartments is a 150 unit multifamily property built in 1972. Camelot contains 1, 2, & 3 bedroom units. The property has had new roofs installed in the last 5 years. Stable occupancy and a stable income producing property.The College does not offer student housing and given the location of Heather Meadows. The main building features a secured entry, common interior corridors, updated plumbing and electrical systems, and efficiently sized apartment units with varying tasteful updates and 9-foot ceilings. The second garden building features courtyard entries, an improved electric system, and functional/original plumbing systems. In addition, at least one of the two units feature a washer/dryer hookup. The main building also features a common laundry room and two washers and two dryers.