2018 Locust Avenue Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,626 sqft
Price per Sqft $225
MLS Listing ID CL25493741
HOA Y/N No
Year Built 1963
Lot Size 0.297 Acres
Acres 0.3
Property Sub-Type Other
Property Description
$275K PRICE REDUCTION - SELLER IS MOTIVATED. PRICED TO SELL - ONLY $226/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 10.1 GRM on current rents with upside to 8.3 GRM and 7.9% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front - possible ADU conversion - buyer to verify. Each unit also features it's own private balcony space. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Zoning LBPD
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 7209013029