2073 Locust Avenue, Long Beach, CA 90806
-
Listed Price :
$1,729,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1930
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 |
List Price |
$1,729,000 |
Status |
Active |
Type |
Residential Income |
Structure Size |
N/A |
Lot Size |
7,486 |
Year Built |
1930 |
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.