This property has assumable financing at a great rate, value add, low rents, large unit mix, performing tenants, and a motivated seller who is open to carry the loan/seller finance the deal. Furthermore, is not contingent upon finding a replacement property. That is the difference from what you see on the market today. The OM is available for review to understand the deal and numbers.
Property Details
Price:
$1,875,000
MLS #:
DW25065291
Status:
Active
Baths:
0
Address:
1640 Locust Avenue
Type:
Residential Income
Subtype:
Apartment
Subdivision:
North Long Beach NLB
Neighborhood:
7northlongbeach
City:
Long Beach
Listed Date:
Mar 25, 2025
State:
CA
ZIP:
90813
Lot Size:
7,423 sqft / 0.17 acres (approx)
Year Built:
1924
See this Listing
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Schools
Interior
Exterior
Community Features
Sidewalks, Storm Drains, Street Lights
Garage Spaces
0.00
Lot Features
6-10 Units/ Acre
Parking Features
None
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
See Remarks
Map
Community
- Address1640 Locust Avenue Long Beach CA
- Area7 – North Long Beach
- SubdivisionNorth Long Beach (NLB)
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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1640 Locust Avenue
Long Beach, CA
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