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2073 Locust Avenue Long Beach, CA 90806
- Multi-family (2-4 units) / Resale (MLS)
Property Details for 2073 Locust Avenue, Long Beach, CA 90806
Features
- Price/sqft: $290
- Lot Size: 0.1719 acres
Facts
- Year Built: 01/01/1930
- Property ID: 894730456
- MLS Number: 24403303
- Property Type: Multi-family (2-4 units)
- County: Los Angeles
Description
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
This listing is NOT a foreclosure. 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. There 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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