2073 Locust Avenue

Long Beach, CA 90806

$1,729,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $290 / sqft

1930

calendar_month Built

Property Description

PRICED TO SELL. 9.9 GRM AND 6.4% CAP with upside to a 7.1% CAP. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Only $290/SF. Located in the quiet residential Wrigley area, the property is professionally managed and well-maintained. Onsite laundry room. There are 5 garages in the rear, each could rent for as much as $125/garage. The Electrical Main Panel is 200 AMPS (Siemens) and the Subpanels are 50 AMPS (Siemens) - Buyer to verify. The seller spent over $175K at the time of purchase on new exterior paint, landscaping, and interior updates to units including new kitchen countertops, vinyl flooring and paint. Email Listing Agent for more info including a Rent Roll and actual expenses.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type None

Listing Information

Address 2073 Locust Avenue
City Long Beach
State CA
Zip 90806
County Los Angeles
Listing Agent Jonathan Swire DRE#01336277
Courtesy Of The Agency
MLS 24403303
List Price $1,729,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 7,486
Year Built 1930
DOM 9

Exterior Information

Maps

Listing information courtesy of: Jonathan Swire, The Agency . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 20th, 2024 at 5:10 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.