CA > Long Beach
Long Beach, CA 90806,2018 Locust Ave
Long Beach, CA 90806,2018 Locust Ave
Long Beach, CA 90806,2018 Locust Ave
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$3,100,000
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16 BD
13 BA
11,626 SqFt
Active

2018 Locust Ave Long Beach, CA 90806

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Herman Singh

Herman Singh

+1(310) 625-6175

UPDATED:

09/12/2024 05:24 PM

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

TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Premier Realty Associates

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Herman Singh

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+1(310) 625-6175

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2018 Locust Ave