2018 Locust Avenue, Long Beach, CA 90806
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Listed Price :
$3,100,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1963
Property 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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
2018 Locust Avenue |
| City |
Long Beach |
| State |
CA |
| Zip |
90806 |
| County |
Los Angeles |
| Listing Agent |
David Crispel DRE #01751684 |
| Courtesy Of |
Premier Realty Associates |
| List Price |
$3,100,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
12,958 |
| Year Built |
1963 |
Listing information courtesy of: David Crispel, Premier Realty Associates. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:19 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
