$3,100,000
2018 Locust Avenue
Long Beach, CA, 90806
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.
Property Details
Price:
$3,100,000
MLS #:
24353885
Status:
Active
Baths:
0
Address:
2018 Locust Avenue
Type:
Commercial
Neighborhood:
5wrigleyarea
City:
Long Beach
Listed Date:
Jan 31, 2024
State:
CA
ZIP:
90806
Year Built:
1963
Schools
Interior
Exterior
Electric
Standard
Parking Spots
9.00
Security Features
Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Gated Community
Stories Total
2
Financial
Need more info?
If you have any questions about this property, we at the Mohr Group would be happy to answer them. Click the button below and send us a message.
Ask a QuestionReady to go see it?
Schedule a ShowingMortgage Calculator
Similar Listings Nearby
- 129 E G Street
Wilmington, CA$3,650,000
4.19 miles away
- 3401 Pacific Place
Long Beach, CA$3,300,000
1.78 miles away
- 129 W 5th Street
Long Beach, CA$3,195,000
1.44 miles away
Courtesy of Premier Realty Associates. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2018 Locust Avenue
Long Beach, CA
LIGHTBOX-IMAGES