2018 Locust Avenue, Long Beach, CA 90806
  • MLS#: 24353885 ( )
  • Street Address: 2018 Locust Avenue
  • Viewed: 1
  • Price: $3,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 289
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90806
  • Provided by: Premier Realty Associates
  • Contact: David David
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Welcome to an exceptional investment opportunity in the heart of Long Beach, California! Presenting a well maintained multi family building with 13 apartments, this property is a prime addition to any discerning investor's portfolio. Current rents are below market rents, and have potential for increase. As opposed to most multi family properties in Long Beach, the apartment size of 900 Sqft. each and 2 units of 1,100 & 1,400 sqft, because of the size of each unit (900 sqft), investors can change the units from 1 bedroom to 2 bedrooms, and increase the rent. make the units very spacious and desirable. Situated just off Long Beach Blvd. and 20th Street, this multi family building enjoys proximity to convenient city amenities, renowned beaches, and convenient access to major thoroughfares. With potential rent increase, this property offers a very lucrative income, making it a very savvy investment. New roof installed in 2019 as well as a new sewer line.
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Features
Assetclass
  1. Multi-Family
Building Area Total
  1. 11626.00
Construction Materials
  1. Stucco
Country
  1. US
Electric
  1. Standard
Land Use
  1. Multi-Family
  2. Other
Laundry Equipment Own Lease
  1. Own
Netoperatingincome
  1. 92725.00
Parcel Number
  1. 7209013029
Postalcodeplus4
  1. 4779
Security Features
  1. Carbon Monoxide Detector(s)
  2. Fire and Smoke Detection System
  3. Fire Sprinkler System
  4. Gated Community
Uncovered Spaces
  1. 5.00
Year Built
  1. 1963
Zoning
  1. LBPD29