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2073 Locust Avenue #A
USD 1,729,000
Property ID: 24403303
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2073 Locust Avenue #A ,90806
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icon 7486 SqFt
icon Built in 1930
icon USD 231/SqFt
icon 10 Beds
icon 8 Full
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Location Street View
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Interior Details
Bedrooms
10
Bathrooms
8
Interior Size
5954
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1930
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Detailed Introduction Of This Home
PRICED TO SELL. 9.9 GRM AND 6.4% CAP with upside to a 7.1% CAP. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Only $290/SF. Located in the quiet residential Wrigley area, the property is professionally managed and well-maintained. Onsite laundry room. There are 5 garages in the rear, each could rent for as much as $125/garage. The Electrical Main Panel is 200 AMPS (Siemens) and the Subpanels are 50 AMPS (Siemens) - Buyer to verify. The seller spent over $175K at the time of purchase on new exterior paint, landscaping, and interior updates to units including new kitchen countertops, vinyl flooring and paint. Email Listing Agent for more info including a Rent Roll and actual expenses.
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (19)
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2073 Locust Avenue #A
USD 1,729,000 10 Beds
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