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2115 Locust Ave
Long Beach, CA 90806

Owner/User 4-Plex, Cash Flow Opportunity · Multifamily Property For Sale · 4 Units

Investment Highlights

  • Beautiful, cash flowing 4-plex over 4,100 Sq.Ft located in South Wrigley
  • Strong unit mix consisting of (1) 3-bedroom/2-bath, (2) 2-bedroom/1-bath, & (1) 1-bedroom/1-bath
  • With House rented with Top of the Market rents, property would be operating at a 5.65% Cap, 12.50 GRM
  • Great owner/user opportunity with a VACANT House in the front and (3) units in the back
  • (5) Garages on site, great opportunity for additional income, separately metered for gas and electric
  • Great transit access, only minutes away from the 710 and 405 Freeways

PROPERTY FACTS

No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 4,158 SF
No. Stories 2
Year Built 1965

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 $2,000 -
2+1 2 $1,740 -
1+1 1 $1,600 -

PROPERTY TAXES

zoning

Zoning Code LBR2N (Two-Family Residence)
  • Listing ID: 19746040

  • Date on Market: 6/1/2020

  • Last Updated:

  • Address: 2115 Locust Ave, Long Beach, CA 90806