2073 Locust Ave
Long Beach,
CA
90806
Property Details
List Price: |
$1,729,000 |
Beds: |
10 |
Baths: |
-- |
Status: |
Active |
SqFt: |
5954 |
Agency: |
The Agency |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1930 |
Notes: |
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. |
MlsNumber: |
24-403303 |
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Listing Provided By: |
The Agency, original listing |
Name: |
The Agency |
Phone: |
(424) 230-3700 |
Office Name: |
The Agency |
Office Phone: |
(424) 230-3700 |
Agent Name: |
Jonathan Swire |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |