This Multifamily Property is no longer advertised on LoopNet.com.
2391 Locust Ave
Long Beach, CA 90806
Multifamily Property For Sale · 8 Units
Investment Highlights
- Excellent Value-Add Opportunity With 75 Percent Upside in Rents and the Potential to Convert Garages to ADU’s (Buyer to Verify)
- Six Single-Car Garages
- Located Conveniently Near Retail (WalkScore: 86) and the Metro Blue Line
- Sought-After Mix of Six Two-Bed/One-Bath Units, One Three- Bed/One-Bath Unit and One Three-Bed/Two-Bath Unit
- On-Site Laundry Generates Additional Income
PROPERTY FACTS
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.14 AC |
Building Size | 6,306 SF |
Average Occupancy | 90% |
No. Stories | 2 |
Year Built | 1963 |
Parking Ratio | 0.95/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 6 | $926.00 | 1 |
3+2 | 1 | $1,300 | 1 |
3+1 | 1 | $2,050 | 1 |
PROPERTY TAXES
Parcel Number | 7208-013-022 | Improvements Assessment | $739,500 |
Land Assessment | $1,122,000 | Total Assessment | $1,861,500 |
zoning
Zoning Code | LBR2N |
Learn More About Investing in Apartment Buildings
Listing ID: 26663872
Date on Market: 9/19/2022
Last Updated:
Address: 2391 Locust Ave, Long Beach, CA 90806
The Multifamily Property at 2391 Locust Ave, Long Beach, CA 90806 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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