2018 Locust Avenue
Long Beach, CA, 90806
$2,625,000
Beds
0 Baths
SqFt
0.3 Acres
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$275K PRICE REDUCTION – SELLER IS MOTIVATED. PRICED TO SELL – ONLY $226/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 10.1 GRM on current rents with upside to 8.3 GRM and 7.9% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front – possible ADU conversion – buyer to verify. Each unit also features it’s own private balcony space. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Property Details

Price:
$2,625,000
MLS #:
25493741
Status:
Active
Baths:
0
Address:
2018 Locust Avenue
Type:
Residential Income
Neighborhood:
5wrigleyarea
City:
Long Beach
Listed Date:
Jan 31, 2025
State:
CA
ZIP:
90806
Lot Size:
12,958 sqft / 0.30 acres (approx)
Year Built:
1963
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Interior

Cooling
None
Heating
Wall Furnace

Exterior

Garage Spaces
6.00
Parking Features
Assigned
Parking Spots
9.00
Stories Total
2

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broker reciprocity Courtesy of The Agency. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
Rover IDX
2018 Locust Avenue
Long Beach, CA