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listing
1 of 8
Residential IncomeFor Sale
$2,625,000
2018 Locust Avenue 13
Long Beach, CA 90806
Listing Office: The Agency
MLS: California Regional MLS (CRMLS)
16Beds
13Baths
11,626Sq Ft
Est. Mortgage
$13,650/mo

$275K PRICE REDUCTION - SELLER IS MOTIVATED. PRICED TO SELL - ONLY $226/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. 10.1 GRM on current rents with upside to 8.3 GRM and 7.9% 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.

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Information courtesy of The Agency is subject to verification and is not guaranteed.
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