$ 3,100,000
2018 Locust AVE Long Beach, CA 90806
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$ 3,100,000
Est. payment | /mo
0.3 Acres Lot
$ 3,100,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24353885
HOA Y/N No
Year Built 1963
Lot Size 0.297 Acres
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 5 - Wrigley Area
Zoning LBPD29
Interior
Fireplace No
Exterior
Community Features Gated
Total Parking Spaces 9
Building
Story 2
Others
Tax ID 7209013029
Security Features Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Gated Community,Smoke Detector(s)
Special Listing Condition Standard
Listed by David Crispel • Premier Realty Associates
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Escrow Joe
Realtor® | Lic# 01332311