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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

zoning

Zoning Code LBR2N
  • Listing ID: 26663872

  • Date on Market: 9/19/2022

  • Last Updated:

  • Address: 2391 Locust Ave, Long Beach, CA 90806