2065 Locust | Long Beach, CA 90806
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2065 Locust
Long Beach, CA 90806
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
5 Unit Property. Amazing Unit Mix. Currently Cash Flowing at a 4 cap but stabilizes at a 8.2 Cap with 11% cash on cash return. Units consist of : 2 x 3 bed 2 bath 2 x 2 bed 2 bath 1 studio This is a cash cow. Buy this today without any need to show income or taxes as I have a lender that will close on this in 14 days at 5% interest only in 14 days if you are interested.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | $1,850 | - |
| 2+2 | 1 | $1,575 | - |
| Studios | 1 | $850.00 | - |
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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