$4,150,000 - 945 Locust Avenue, Long Beach
- 4Beds
- 3Baths
- 0SQ. Feet
- 0.17Acres
945 Locust Avenue is a 16-unit apartment property in Long Beach, California, adjacent to the vibrant East Village Arts District and Downtown. The controlled-access, all-electric, separately-metered building features two (2) 2BD / 2 BA units and fourteen (14) 2BD / 1 BA units. Seven (7) of the units are fully remodeled with new flooring, kitchens, stainless steel appliances, new bathrooms and modern fixtures and finishes. Double-pane windows are installed throughout the building for additional energy efficiency. An onsite laundry / storage room can provide extra income, and the eight (8) garages offer the opportunity for ADU conversion for additional rental income. 945 Locust Avenue is priced at 11.73 GRM and 5.39% cap rate at current rents.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:PW23149053
- Price:$4,150,000
- Bedrooms:4
- Bathrooms:3.00
- Acres:0.17
- Year Built:1964
- Type:Residential Income
- Sub-Type:Mixed Use
- Status:Closed
- Listing Agent:Robert Stepp
- Listing Office:Keller Williams - Santa Monica
Community Information
- Address:945 Locust Avenue
- Area:4 - Downtown Area, Alamitos Beach
- Subdivision:Downtown (DT)
- City:Long Beach
- County:Los Angeles
- Zip Code:90813
Amenities
- Parking Spaces:8
- # of Garages:8
- Pool:None
Interior
- # of Stories:3
Exterior
- Lot Description:16-20 Units/Acre
Additional Information
- Date Listed:August 15th, 2023
- Days on Market:17
- Zoning:LBR4N
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Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2024 at 7:36am 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.