1775 Locust Avenue
Long Beach, CA, 90813
$2,149,000
Beds
0 Baths
SqFt
0.17 Acres
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PRICE REDUCED $50K. Currently a 9.4 GRM and 6.8% CAP with upside to a 8.4 GRM and 8.0% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs – rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU’s – Buyer to verify. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Property Details

Price:
$2,149,000
MLS #:
25543763
Status:
Active
Baths:
0
Address:
1775 Locust Avenue
Type:
Residential Income
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
May 27, 2025
State:
CA
ZIP:
90813
Lot Size:
7,509 sqft / 0.17 acres (approx)
Year Built:
1962
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Rover IDX
1775 Locust Avenue
Long Beach, CA