2161 Locust Avenue, Long Beach, CA 90806

$1,235,000
List Price
$1,235,000
Status
ACTIVE
MLS#
PW24043536
Year Built
1920
Lot Size
6,263
Acres
0.14
Lot Location
Walkstreet, Yard
Days on Market
78
Property Type
Multifamily
Property Sub Type
Mixed Use
Stories
One Level, Two Levels
Neighborhood
Wrigley Area (Wr)

Property Description

We are pleased to present 2161 Locust Avenue, a 5-unit investment property in Long Beach, California. This property has a 2 bedroom 1 bath house in front and the back structure has 3-1 bedroom units and 1- 2 bedroom two bathroom units. All the units have been fully renovated within the past 5 years. New electrical panels were added and there are 4 garages. The property has excellent cash flow and upside with much of the hard work already done. You don't want to miss out on this steady investment opportunity.

Additional Information

Pool Description
None
Heat
Central
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
5
Gross Scheduled Income
$100,248
Operating Expense
28265

Listing courtesy of Listing Agent: George Bustamante (GBustamante@cbcblair.com) from Listing Office: Coldwell Banker Commercial.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.