2018 Locust Avenue, Long Beach CA, 90806

Active

2018 Locust Avenue

Long Beach CA, 90806

$3,350,000

$288.15 per sqft

Active

11,626 sqft

Commercial

Built in 1963

Listed by David Crispel with Premier Realty Associates 858-277-6173

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

March 28, 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: 34
Garage: No
Parking Total: 9
View: No
County: Los Angeles
Pool: No
Zoning: LBPD29
Buyer Agency Compensation: 2%

Listing Contact: 858-277-6173

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. 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.

Data last updated on 3/28/2024 at 3:17 PM UTC