Long Beach, CA 90806 2018 Locust Avenue
$3,350,000
9 more
Presented By: David Crispel with Premier Realty Associates;
Home Details
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.
Presented By: David Crispel with Premier Realty Associates;
Interior Features for 2018 Locust Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixAvenue
Total Stories2
General for 2018 Locust Avenue
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLong Beach
Community FeaturesGated
Construction MaterialsStucco
CountyLos Angeles
Days on Market34
Directions405 fwy to Long Beach Blvd, right on 20th, right on Locust
ElectricStandard
Garage Y/NNo
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NYes
Lot Size Square Feet12958.0
MLS Area5 - Wrigley Area
MobileHomeRemainsYNNo
Net Operating Income92725.0
New ConstructionNo
Open Parking Spaces5.0
Possible UseMultiFamily
Private PoolNo
Property Attached Y/NNo
Property TypeCommercialSale
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, FireSprinklerSystem, GatedCommunity, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameLocust
Total Units13
View Y/NNo
Waterfront Y/NNo
Year Built1963
ZoningLBPD29
Exterior for 2018 Locust Avenue
Building Area Total11626.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2975
Lot Size Area12958.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking9.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480