Long Beach, CA 90806 2018 Locust Avenue 13
$2,625,000
3 more
Presented By: Jonathan Swire with The Agency;
Beds • 16
Baths • 13
SQFT • 11,626
Garage • 6
Year Built • 1963
Home Details
$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.
Presented By: Jonathan Swire with The Agency;
Interior Features for 2018 Locust Avenue 13
Bedrooms
Total Bedrooms16
Bathrooms
Half Baths0
Total Baths13
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 2018 Locust Avenue 13
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.9
Carport Y/NNo
CityLong Beach
CoolingNone
CountyLos Angeles
Directions13 units in Wrigley area of Long Beach.
Electric On Property Y/NNo
Full Baths
Garage Spaces6.0
Garage Y/NYes
Gross Income250000.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet12958.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MobileHomeRemainsYNNo
Net Operating Income150000.0
New ConstructionNo
Number Of Units Total13
Open Parking Spaces3.0
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Unit Number13
Waterfront Y/NNo
Year Built1963
ZoningLBPD29
Exterior for 2018 Locust Avenue 13
Building Area Total11626.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2975
Lot Size Area12958.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking9.0
Additional Details
Price History
