1775 Locust Ave | Long Beach, CA 90813
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- LoopNet Team
1775 Locust Ave
Long Beach, CA 90813
9 Units in Long Beach - 9.4 GRM - · Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- PRICED TO SELL. 9.0 GRM AND 7.2% CAP against in-place rents with upside to 8.0 GRM.
- Excellent Unit mix for the area.
- Earn over a 10+% cash on cash return at current rents with upside to 15%.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- 25% down lender financing available to qualified Buyers.
PROPERTY FACTS
| No. Units | 9 | Building Size | 7,176 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 0.56/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R4R - Multiple Dwelling Zone | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,176 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.56/1,000 SF |
| Zoning | R4R - Multiple Dwelling Zone |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | 700 - 800 |
| 3+1 | 2 | - | 700 - 800 |
PROPERTY TAXES
| Parcel Number | 7269-010-037 | Improvements Assessment | $1,524,689 |
| Land Assessment | $568,913 | Total Assessment | $2,093,602 |
PROPERTY TAXES
Parcel Number
7269-010-037
Land Assessment
$568,913
Improvements Assessment
$1,524,689
Total Assessment
$2,093,602
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