1885 Locust

Long Beach, CA 90806
Property listed by Lyon Stahl Investment Real Estate, Inc., Christopher Van Vuuren 714-655-0098
$2,580,000
Excellent opportunity to acquire a 13-unit apartment complex in a strong rental pocket of Long Beach, just north of Downtown in the South Wrigley neighborhood. The property offers convenient access to the Metro A Line and major freeways (710, 405, 91), providing tenants with strong regional connectivity. Built in 1952,Read MoreRead Less
Listing Snapshot
Days Online
37
Last Updated
Property Type
Apartment
Lot Size
0.16 Acres
Year Built
1952
MLS Number
SB26063418
Property Location Map
Additional Details
Building
Built in 1952, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Sidewalks
Expenses
Operating: $93,732
Income
Gross Income: $263,376, Gross ScheduledIncome: $263,376, Net Operating Income: $161,795
Laundry
CommonArea
Lot
0.155 acres, RectangularLot
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7209017035, Lot: 28
Utilities
Water Source: Public, 13 separate electric meters, 13 separate gas meters
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Laura Grabher
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.