1775 Locust Ave new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,176 sqft
Price per Sqft $317
MLS Listing ID 25543763
Bedrooms 19
Year Built 1962
Lot Size 7,509 Sqft
Acres 0.1724
Property Sub-Type Multi-Family
Property Description
PRICED TO SELL. 9.9 GRM and 6.3% CAP with upside to a 7.5% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs - rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU's - Buyer to verify. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Area Downtown Area, Alamitos Beach
Zoning LBR4R
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features Assigned
Garage Spaces 4.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard