2018 Locust Avenue , Long Beach, CA 90806
Long Beach, CA 90806
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.
Details
| MLS# | 24353885 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 255 |
| Listing Provided By | Premier Realty Associates 858-277-6173 | David Crispel |
Features
| SQ Feet | 11,626 |
|---|---|
| Story(s) | 2 |
| Units | 13 |
| Building(s) | 1 |
| Zoning | LBPD29 |
| Acreage | 0.30 |
Market Activity 90806
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90806 |
| Area | 5 Wrigley Area |
| Listing VS Median (in 90806) | |
Price: $3,100,000 low | high Med: $820,000 SqFt: 11,626 low | high Med: 1,819 $ / SqFt: $267 low | high Med: $451 On Site: 255 low | high Med: 55.000000 | |
