CA > Long Beach
Long Beach, CA 90806,2018 Locust Avenue
Long Beach, CA 90806,2018 Locust Avenue
Long Beach, CA 90806,2018 Locust Avenue
8
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$2,799,000
Est. payment /mo
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11,626 SqFt
Active

2018 Locust Avenue Long Beach, CA 90806

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

03/04/2025 06:31 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 11,626 sqft

Price per Sqft $240

MLS Listing ID CL25493741

HOA Y/N No

Year Built 1963

Lot Size 0.297 Acres

Acres 0.3

Property Sub-Type Other

Property Description

$100K PRICE REDUCTION - SELLER IS MOTIVATED. PRICED TO SELL - ONLY $241/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 10.8 GRM on current rents with upside to 8.9 GRM and 7.4% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front - possible ADU conversion - buyer to verify. Each unit also features it's own private balcony space. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Location

State CA

County Los Angeles

Zoning LBPD

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Building

New Construction No

Others

Tax ID 7209013029

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jonathan Swire • The Agency

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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