$3,350,000 - 2018 Locust Avenue, Long Beach
- 0Beds
- Baths
- 0SQ. Feet
- 0.30Acres
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.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:24353885
- Price:$3,350,000
- Bathrooms:0.00
- Acres:0.30
- Year Built:1963
- Type:Commercial Sale
- Status:Active
- Listing Agent:David Crispel
- Listing Office:Premier Realty Associates
Community Information
- Address:2018 Locust Avenue
- Area:5 - Wrigley Area
- City:Long Beach
- County:Los Angeles
- Zip Code:90806
Amenities
- Parking Spaces:9
Interior
- # of Stories:2
Exterior
- Exterior:Stucco
- Construction:Stucco
Additional Information
- Date Listed:January 31st, 2024
- Days on Market:96
- Zoning:LBPD29
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- Current Listings:
- 47
- HOA Dues:
- $0
- Average Price per Square Foot:
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Based on information from California Regional Multiple Listing Service, Inc. as of May 6th, 2024 at 3:55pm CDT. 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, 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.