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$ 2,149,000
Est. payment /mo
Price Dropped by $51K
1775 Locust AVE Long Beach, CA 90813
19 Beds
9 Baths
7,176 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,176 sqft
Price per Sqft $299
MLS Listing ID 25543763
Bedrooms 19
HOA Y/N No
Year Built 1962
Lot Size 7,509 Sqft
Property Description
PRICE REDUCED $50K. Currently a 9.4 GRM and 6.8% CAP with upside to a 8.4 GRM and 8.0% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs - rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU's - Buyer to verify. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269010037
Special Listing Condition Standard
Listed by Jonathan Swire The Agency
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