$3,350,000
Active MLS # 24353885 | Listed by David Crispel with Premier Realty Associates
Active MLS # 24353885 | Listed by David Crispel with Premier Realty Associates
2018 Locust Avenue is a $3,350,000, 11,626 square foot home on a 0.30 acre lot located in Long Beach, CA.
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.
#Open Parking Spaces | 5.0 |
Cooling Types | Cooling - Yes |
Heating Types | Heating - Yes |
# Parking Spaces | 9 |
Exterior Features | Gated Carbon Monoxide Detectors Fire Sprinkler System Gated Community Smoke Detectors Standard Electric - Standard Security Features - Fire Detection System |
Construction Types | Stucco |
Attribution Contact | 858-277-6173 |
Financial Terms | Lease Renewal Option - Yes |
Property Type | Commercial Sale |
Style | Full Service Multi Family |
Year Built | 1963 |
HOA Fee | $0.00 |
Taxes | $0.00 |
County | los angeles |
Neighborhood |
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