2018 Locust Ave, Unit 13

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Address: 2018 Locust Ave APT 13, Long Beach, CA 90806, USA
Created date: February 4, 2025
Date last updated: February 19, 2025

Property Description

PRICED TO SELL - ONLY $245/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 11X GRM on current rents with upside to 9.0 GRM and 7.2% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front - possible ADU conversion - buyer to verify. Each unit also features it's own private balcony space. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,849,000
No. of Units: 13
Year Built: 1963
Lot Size: 11,626.00 Sq ft
Opportunity Zone: No
Price per unit: $219,154
Property Website Click Here
Number of Bedrooms: 16
Number of Bathrooms: 0
Address: 2018 Locust Ave APT 13, Long Beach, CA 90806, USA
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