$2,500,000
$2,625,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
2018 Locust AVE #13 Long Beach, CA 90806
16 Beds
13 Baths
11,626 SqFt
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,626 sqft
Price per Sqft $215
MLS Listing ID 25493741
Sold Date 05/23/25
Bedrooms 16
HOA Y/N No
Year Built 1963
Lot Size 0.297 Acres
Property Description
$275K PRICE REDUCTION - SELLER IS MOTIVATED. PRICED TO SELL - ONLY $226/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 10.1 GRM on current rents with upside to 8.3 GRM and 7.9% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front - possible ADU conversion - buyer to verify. Each unit also features it's own private balcony space. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBPD29
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7209013029
Special Listing Condition Standard
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Bought with Jonathan Swire • The Agency