2018 Locust Avenue 13, Long Beach, CA 90806
- $3,350,000
- $288
- $3,350,000
- $288
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.
Address
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Address: 2018 Locust Avenue
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City: Long Beach
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State/county: CA
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Zip/Postal Code: 90806
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Area: 5 - Wrigley Area
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Country: United States
Details
Updated on March 17, 2024 at 5:01 pm-
Property ID SGR-23391413
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Price $3,350,000
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Land Area 12958.00 m²
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Year Built 1963
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Property Type Commercial Sale
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Property Status For Sale
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Living Area 11626.00
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MLS# 24353885
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Office Name PREMIER REALTY ASSOCIATES
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Agent Name David Crispel
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 01751684
Additional details
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County Los Angeles
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Parking 9.00
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