$1,745,000
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2073 Locust Avenue Unit A Long Beach, CA 90806
Cluster
Residence
10
Beds
8
Baths
...
Bed/Bath
5,954
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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PRICED TO SELL. 9.9 GRM AND 6.4% CAP with upside to a 7.1% CAP. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Only $290/SF. Located in the quiet residential Wrigley area, the property is professionally managed and well-maintained. Onsite laundry room. T...here are 5 garages in the rear, each could rent for as much as $125/garage. The Electrical Main Panel is 200 AMPS (Siemens) and the Subpanels are 50 AMPS (Siemens) - Buyer to verify. The seller spent over $175K at the time of purchase on new exterior paint, landscaping, and interior updates to units including new kitchen countertops, vinyl flooring and paint. Email Listing Agent for more info including a Rent Roll and actual expenses.
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MLS#
24403303
Property Type
Cluster
Bedrooms
10
Bathrooms
Year Built
1930
Square Feet
5,954
sq. ft
Lot Size
0.17
Stories
2.0
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