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1716 Locust Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
8 Units
Investment Highlights
- High Cashflow Building -- Just Under 7% Cap
- Easily Walkable Location -- A Key Highlight for Prospective Tenants
- Perfect for a Value Add Investor Looking for a High ROI
Property Facts
| No. Units | 8 | Building Size | 4,432 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 0.5/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | PD29, Long Beach | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,432 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | PD29, Long Beach |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,610 | 471 |
| 2+1 | 6 | $1,822 | 575 |
Property Taxes
| Parcel Number | 7269-019-035 | Improvements Assessment | $745,142 |
| Land Assessment | $360,551 | Total Assessment | $1,105,693 |
Property Taxes
Parcel Number
7269-019-035
Land Assessment
$360,551
Improvements Assessment
$745,142
Total Assessment
$1,105,693
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