Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90813 1013 Locust Avenue

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Presented By: Shawn Mohler with The Mohler Real Estate Group; 562-505-7953
  • MLS# PW24110123
  • 05/31/2024
  • Request Tour
  • Request Info
  • Beds • 7
  • Full/Half Baths • 6 / 1
  • SQFT • 4,693
  • Garage • 1
  • Year Built • 1905

Home Details

This is the high cash flow turn key multi-family you have been looking for! Every one of these units have been beautifully remodeled and all have their own private laundry! The rear building has had extensive updates and consist of 4 units offering refinished hardwood floors in some units while others have new water resistant laminate. Other upgrade includes new bathrooms, upgraded plumbing, lovely updated vintage kitchens loads of storage, mud rooms with rear exits and each with their own private laundry hook ups, new light fixtures, stainless appliances installed and much more! All located on a huge lot with large common area for tenants. The front duplex is stunning with a huge owner's unit that is absolutely incredible!! Offering soaring coved ceilings, stunning formal dining room with grand bay window and original huge with pocket doors! The gigantic formal living/family room has to bee seen with faux fireplace with all original built in book shelves. There is even a grand formal entry, gorgeous kitchen that is stunning to say the least with solid surface counter tops, amazing light fixtures offering many new upgrades but some original built-in cabinets remain. There are 2 bedrooms one leading out to a really cool private side patio exclusive to the unit and the other bedroom is on the second floor with an enormous walk in closet with access to an huge attic space and 1.5 baths total! The main floor bathroom is enormous and has been fully remodeled. The duplex has a new roof installed and the rear 4 unit has had white coating with a 5 year warranty for added heat prevention. There is a 1 stall detached garage currently used as storage that has the preliminary approval for an ADU conversion, and the finished plans will be provided to the Buyer! Also, the very unique PD-30 zoning on this particular property could allow you to possibly add MANY more units in the future! (Buyer to verify independently) Truly the possibilities are endless or keep it as it is making great cash flow! All units are separately metered for gas and electric. (All photos were taken after remodel and before tenants moved in, condition may vary)
Presented By: Shawn Mohler with The Mohler Real Estate Group; 562-505-7953

Interior Features for 1013 Locust Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside, LaundryRoom
Total Stories2

Other Rooms

Entry Level1

General for 1013 Locust Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, StormDrains, StreetLights, Sidewalks
CoolingNone
CountyLos Angeles
DirectionsWest of Long Beach Blvd.
Electric Expense200.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces1.0
Garage Y/NYes
Gross Income15440.0
HOANo
HeatingFloorFurnace, WallFurnace
Home Warranty Y/NNo
Insurance Expense2000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional
Lot Size Square Feet7526.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income151300.0
New ConstructionNo
Number Of Units Total6
Open Parking Spaces2.0
Operating Expense5000.0
Pool FeaturesNone
Property Attached Y/NNo
Property ConditionUpdatedRemodeled, Turnkey
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Subdivision NameDowntown (DT)
Tax Lot21
Trash Expense500.0
UtilitiesCableConnected
Water Sewer Expense200.0
Waterfront Y/NNo
Year Built1905
Year Built SourceAssessor
ZoningLBR4N

Exterior for 1013 Locust Avenue

Building Area Total4693.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1728
Lot Size Area7526.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking3.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $1,675,000
MLS#PW24110123
List Date 05/31/2024
Property Type Multi-Family
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Request Info
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