Log In/Sign Up
Your email has been sent.
1868 Locust Ave 8 Unit Apartment Building $1,649,000 ($206,125/Unit) Long Beach, CA 90806
Investment Highlights
- Eight-unit multifamily property consisting of seven one-bedroom, one-bath units and one two-bedroom, one-bath unit.
- Situated in the Wrigley neighborhood near Downtown Long Beach, offering easy access to retail, dining, and recreational amenities.
- Individually metered for utilities, reducing operational expenses and simplifying management.
- Close proximity to major freeways, including I-710, and strong access to public transportation routes.
- Includes four private garages and a gated perimeter for security and tenant convenience.
Executive Summary
Eight-unit multi-family property in Long Beach’s Wrigley neighborhood, featuring seven one-bedroom units and one two-bedroom unit. The building offers gated access, four private garages, and separate utility meters for gas and electricity, reducing owner expenses. Located near Downtown Long Beach and major freeways, this asset delivers strong in-place income with upside potential through renovations and rental growth.
Property Facts
| Price | $1,649,000 | Building Class | C |
| Price Per Unit | $206,125 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 4,522 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | PD29, Long Beach - Planned Development | ||
| Price | $1,649,000 |
| Price Per Unit | $206,125 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,522 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| Opportunity Zone |
Yes |
| Zoning | PD29, Long Beach - Planned Development |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7209-015-007 | Improvements Assessment | $582,278 |
| Land Assessment | $367,754 | Total Assessment | $950,032 |
Property Taxes
Parcel Number
7209-015-007
Land Assessment
$367,754
Improvements Assessment
$582,278
Total Assessment
$950,032
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1868 Locust Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.