2018 Locust, Long Beach CA 90806 | $3,100,000
Listing provided courtesy of David Crispel of Premier Realty Associates. Last updated 2024-11-30 09:31:11.000000. Listing information © 2024 SANDICOR.
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.
More Details
2 Stories
Parking Spots: 9.00
Asset Class: Multi-Family
Security Feature: Carbon Monoxide Detector(s)
Security Feature: Fire and Smoke Detection System
Security Feature: Fire Sprinkler System
Security Feature: Gated Community
Roof: Carbon Monoxide Detector(s)
Roof: Fire and Smoke Detection System
Roof: Fire Sprinkler System
Roof: Gated Community
Construction Materials: Stucco
David Piper
Call or Text: 858-525-5007
DRE# 02021985
