$1,800,000 - 1716 Locust Avenue, Long Beach
- 3Beds
- 2Baths
- 4,432SQ. Feet
- 0.14Acres
Introducing 1716 Locust Avenue, an investment opportunity in the heart of Long Beach, California (90813). This cash-flowing gem has been maintained by current ownership since 2015. The subject property comprises Eight units, featuring a well-balanced mix of two 1-bedroom/1-bathroom units and six 2-bedroom/1-bathroom units. If your looking for a strong cash flow on day 1 with a potential 16% more upside, then look no further. This prime investment opportunity not only offers a stable income stream with a gross income of $166,920 and a solid net income of $109,175 annually but also addresses Long Beach's parking challenges. With an on-site parking, this property provides a valuable solution to the city's parking constraints. Don't miss the chance to acquire a premium property in the thriving Long Beach market, poised for both immediate returns and long-term value.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:24371337
- Price:$1,800,000
- Bedrooms:3
- Bathrooms:2.00
- Square Footage:4,432
- Acres:0.14
- Year Built:1963
- Type:Residential Income
- Status:Active
- Listing Agent:John Mccann
- Listing Office:Lyon Stahl Investment Real Estate, Inc.
Community Information
- Address:1716 Locust Avenue
- Area:4 - Downtown Area, Alamitos Beach
- City:Long Beach
- County:Los Angeles
- Zip Code:90813
Amenities
- Parking Spaces:6
- Parking:Private
- Garages:Private
Interior
- Heating:Wall Furnace
- Cooling:None
- # of Stories:2
- Stories:Two
Additional Information
- Date Listed:March 21st, 2024
- Days on Market:38
- Zoning:LBPD29
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Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 3:40am 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.