8
See all 8 photos
$2,849,000
Est. payment /mo
16 BD
13 BA
11,626 SqFt
Price Dropped by $51K
2018 Locust AVE #13 Long Beach, CA 90806
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UPDATED:
02/17/2025 06:16 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,626 sqft
Price per Sqft $245
MLS Listing ID 25493741
Bedrooms 16
HOA Y/N No
Year Built 1963
Lot Size 0.297 Acres
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.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBPD29
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7209013029
Special Listing Condition Standard
Listed by Jonathan Swire • The Agency
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