Active
2018 Locust Avenue
Long Beach CA, 90806
$3,100,000
$266.64 per sqft
Active
11,626 sqft
Commercial
Built in 1963
Listed by David Crispel with Premier Realty Associates 818-921-0111
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.
24353885
MLSⓇ ID
January 31, 2024
Listed
December 5, 2024
Updated
Map
2018 Locust Avenue
Long Beach CA, 90806
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Heating
Yes
Exterior/Building Features
Lot Size
0.3 Acres
Other Property Details
Area Name
5 - Wrigley Area
Days on Market
308
Garage
No
Parking Total
9
View
No
County
Los Angeles
Pool
No
Zoning
LBPD29
Listing History
Date | Event | Price |
|---|---|---|
8/26/2024 | Price change | $3,100,000 -4% |
8/8/2024 | Price change | $3,200,000 -5% |
Listing Contact: 858-277-6173
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 9:21 AM UTC