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2065 Locust
Long Beach, CA 90806
5.17% CAP, Big Cash Flow Deal · Multifamily Property For Sale
·
5 Units
PROPERTY FACTS
| No. Units | 5 | Building Size | 3,376 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1940 |
| Building Class | C | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | LBR3T | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,376 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | LBR3T |
ABOUT 2065 LOCUST , LONG BEACH, CA 90806
Lyon | Stahl is pleased to present 2065 Locust Ave., Long Beach. This 5-unit property consists of (5) 2-bed/1-bath units, each being separately metered. Locust features one of the better cap rates available, sitting at a current 5.17% CAP. There is plenty of upside available with nearly 20% upside in rents, allowing for a market cap of 7.02%. The property have (5) single-car garages, a unique asset in the city of Long Beach. Property is non rent control, in proximity to neighboring schools, shopping centers and more. This is a perfect investment for any new investor/owner.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $1,475 | - |
PROPERTY TAXES
| Parcel Number | 7209-018-011 | Improvements Assessment | $770,690 |
| Land Assessment | $541,216 | Total Assessment | $1,311,906 |
PROPERTY TAXES
