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945 Locust Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Priced at 11.73 GRM / 5.39% Cap Rate on Current Rents
- Double-Pane Windows Throughout
- All Electric Building; Separately Metered
- All Two-Bedroom Units / 7 of 8 Units Fully Renovated
- 8 Garages with ADU Potential
- Controlled Access Building with Onsite Laundry Room
Property Facts
| No. Units | 16 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 13,054 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.61/1,000 SF |
| Zoning | R4N - Multiple Dwelling | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 13,054 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.61/1,000 SF |
| Zoning | R4N - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | 815 |
| 2+1 | 14 | - | 815 |
Property Taxes
| Parcel Number | 7273-013-003 | Improvements Assessment | $1,392,300 |
| Land Assessment | $2,585,700 | Total Assessment | $3,978,000 |
Property Taxes
Parcel Number
7273-013-003
Land Assessment
$2,585,700
Improvements Assessment
$1,392,300
Total Assessment
$3,978,000
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