2018 Locust Avenue Long Beach, CA 90806
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.
- Property TypeCommercial
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site121 Days
- MLS StatusActive
- MLS ID Number24353885
- Home Size Source N/A
- Year Built1963
- Lot Size0.2975 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Stucco
- Parking Spaces 9
- Number of Stories 2
- Acreage 0.2975
- Security Carbon Monoxide Detector(s)Fire and Smoke Detection SystemFire Sprinkler SystemGated Community
- Zoning LBPD29
- Listing Conditions Standard
Community Features
- Association Dues 0
- MLS Area 5 - Wrigley Area
- Security Features Carbon Monoxide Detector(s)Fire and Smoke Detection SystemFire Sprinkler SystemGated Community