2065 Locust | Long Beach, CA 90806
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2065 Locust
Long Beach, CA 90806
Stable 5% Cap, Upside Available! · Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | 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 | 4 |
| 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
We are pleased to present 2065 Locust Ave., a 4-unit building in Long Beach. Located in South Wrigley, the property is at very stable, 5.03% Cap rate, and is equipped with (3) 2-bed/1-bath and (1) 4-bed/2-bath units. (4) parking spaces available, great for additional income. Still over 15% of upside available in rents. Building area is 3,376 sq.ft, sitting on a 7,481 sq.ft lot.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $1,550 | - |
| 4+2 | 1 | $1,900 | - |
PROPERTY TAXES
| Parcel Number | 7209-018-011 | Improvements Assessment | $770,690 |
| Land Assessment | $541,216 | Total Assessment | $1,311,906 |
PROPERTY TAXES
Parcel Number
7209-018-011
Land Assessment
$541,216
Improvements Assessment
$770,690
Total Assessment
$1,311,906
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