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1885 Locust Avenue

Long Beach, CA 90806
  • $3,185,000
  • STATUS: ACTIVE
  • ON SITE: 113 Days
  • ID#: SB23059434
UPDATED: 50 min ago
$3,185,000
  • 16
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Clean Apartment Building in Excellent Rental Area. 13 Units. Three 2-Bdrms. and 10 1-Bdrms. Gated Building. On-site Manager. Brand New Water Heater. Lots of Upside in Rents! Current GRM 13.4 X Gross! Only 11.57 X Gross at Market Rents!. Laundry Room Provides Additional Income. Existing Assumable Loan of $1,720,000 at 3.3%! (Call For Further Details) Listing Agent is a 50% Partner in the Property. Clean Apartment Building in Excellent Rental Area. 13 Units. Three 2-Bdrms. and 10 1-Bdrms. Gated Building. On-site Manager. Brand New Water Heater. Lots of Upside in Rents! Current GRM 13.4 X Gross! Only 11.57 X Gross at Market Rents!. Laundry Room Provides Additional Income. Existing Assumable Loan of $1,720,000 at 3.3%! (Call For Further Details) Listing Agent is a 50% Partner in the Property.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.welcometosandiegorealestate.com/homes/140013047
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1885 Locust Avenue Long Beach, CA 90806

  • Price: $3,185,000
  • Status: ACTIVE
  • On Site: 113 Days
  • Updated: 50 min ago
  • ID#: SB23059434
16
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
South Wrigley
County:
Los Angeles
Area:
Long Beach (90806)
Property Description
Clean Apartment Building in Excellent Rental Area. 13 Units. Three 2-Bdrms. and 10 1-Bdrms. Gated Building. On-site Manager. Brand New Water Heater. Lots of Upside in Rents! Current GRM 13.4 X Gross! Only 11.57 X Gross at Market Rents!. Laundry Room Provides Additional Income. Existing Assumable Loan of $1,720,000 at 3.3%! (Call For Further Details) Listing Agent is a 50% Partner in the Property. Clean Apartment Building in Excellent Rental Area. 13 Units. Three 2-Bdrms. and 10 1-Bdrms. Gated Building. On-site Manager. Brand New Water Heater. Lots of Upside in Rents! Current GRM 13.4 X Gross! Only 11.57 X Gross at Market Rents!. Laundry Room Provides Additional Income. Existing Assumable Loan of $1,720,000 at 3.3%! (Call For Further Details) Listing Agent is a 50% Partner in the Property.
Exterior Features

Exterior Stucco Pool N/K Site Sidewalks Spa N/K Topography Level

Interior Features

Cooling N/K Stories 2 Story Total Baths Unit1 4 Total Baths Unit2 10 Water Heater Type Gas

Property Features

Annual Expense Actual 82445 Buildings 1 Cfd Mello Roos Fee 2228.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 14.11 Gross Scheduled Income Actual 237336 Home Owners Fees 0.0 Monthly Total Fees 185 Possession Close Of Escrow Tenant Pays Cable TvElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 4755.0 Unit2 Rent Actual 15023.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Cris Molles of The Realestate Group: 310-710-3250. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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