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$3,100,000

Est. payment - /mo

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11,626 SqFt

Active

2018 Locust AVE Long Beach, CA 90806

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:19 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,626 sqft

Price per Sqft $266

MLS Listing ID 24353885

HOA Y/N No

Year Built 1963

Lot Size 0.297 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBPD29

Interior

Fireplace No

Exterior

Community Features Gated

Total Parking Spaces 9

Building

Story 2

Others

Tax ID 7209013029

Security Features Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Gated Community,Smoke Detector(s)

Special Listing Condition Standard

Listed by David Crispel • Premier Realty Associates

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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