2391 Locust Ave | Long Beach, CA 90806
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- LoopNet Team
2391 Locust Ave
Long Beach, CA 90806
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Excellent Value-Add Opportunity With 75 Percent Upside in Rents and the Potential to Convert Garages to ADU’s (Buyer to Verify)
- Six Single-Car Garages
- Located Conveniently Near Retail (WalkScore: 86) and the Metro Blue Line
- Sought-After Mix of Six Two-Bed/One-Bath Units, One Three- Bed/One-Bath Unit and One Three-Bed/Two-Bath Unit
- On-Site Laundry Generates Additional Income
Property Facts
| No. Units | 8 | Building Size | 6,306 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 0.95/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | LBR2N | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,306 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | LBR2N |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $926.00 | 1 |
| 3+2 | 1 | $1,300 | 1 |
| 3+1 | 1 | $2,050 | 1 |
Property Taxes
| Parcel Number | 7208-013-022 | Improvements Assessment | $754,290 |
| Land Assessment | $1,144,440 | Total Assessment | $1,898,730 |
Property Taxes
Parcel Number
7208-013-022
Land Assessment
$1,144,440
Improvements Assessment
$754,290
Total Assessment
$1,898,730
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