2018 Locust Avenue 13, Long Beach, CA 90806

  • $3,350,000
  • $288
2018 Locust Avenue 13, Long Beach, CA 90806
  • Commercial Sale
  • Property Type
  • 1963
  • Year Built
For Sale
2018 Locust Avenue 13, Long Beach, CA 90806
  • $3,350,000
  • $288

Overview

Property ID: SGR-23391413
  • Commercial Sale
  • Property Type
  • 1963
  • Year Built

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 2018 Locust Avenue
  • City Long Beach
  • State/county CA
  • Zip/Postal Code 90806
  • Area 5 - Wrigley Area
  • Country United States

Details

Updated on March 17, 2024 at 5:01 pm
  • Property ID: SGR-23391413
  • Price: $3,350,000
  • Land Area: 12958.00 m²
  • Year Built: 1963
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 11626.00
  • MLS#: 24353885
  • Office Name: PREMIER REALTY ASSOCIATES
  • Agent Name: David Crispel
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01751684

Additional details

  • County: Los Angeles
  • Parking: 9.00

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