2018 Locust Ave #13 Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,626 sqft
Price per Sqft $245
MLS Listing ID 25493741
Bedrooms 16
Year Built 1963
Lot Size 0.297 Acres
Acres 0.2975
Property Sub-Type Multi-Family
Property Description
PRICED TO SELL - ONLY $245/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 11X GRM on current rents with upside to 9.0 GRM and 7.2% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front - possible ADU conversion - buyer to verify. Each unit also features it's own private balcony space. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Area Wrigley
Zoning LBPD29
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features Assigned
Garage Spaces 9.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard