2065 Locust | Long Beach, CA 90806
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- LoopNet Team
2065 Locust
Long Beach, CA 90806
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Renovated, Cash Cow 4-Plex well over 3,000 Sq.Ft in South Wrigley
- New granite counter tops, stainless steel appliances, new bathrooms/flooring, full copper-repipe
- Strong unit mix consisting of (3) 2-bedroom/1-bath and (1) 5-bedroom/2-bath units
- On current rental income, the property operates at a 5.39 Cap Rate and 13.04 GRM
- Interior/Exterior both repainted, property re-stuccoed
- Great transit access only minutes away from the 710 and 405 Freeways
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 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $1,863 | 987 |
| 5+2 | 1 | $2,900 | 1,563 |
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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