2018 Locust Ave Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,626 sqft
Price per Sqft $266
MLS Listing ID 24-353885
Bedrooms 16
Year Built 1963
Lot Size 0.297 Acres
Acres 0.2975
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.
Location
State CA
County Los Angeles
Area Wrigley
Zoning LBPD29
Exterior
Garage Spaces 9.0
Building
Story 2
Structure Type Stucco
Others
Special Listing Condition Standard