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Long Beach, CA 90806 2161 Locust Avenue

$1,235,000

2161 Locust Avenue Long Beach, Ca - Image 12161 Locust Avenue Long Beach, Ca - Image 22161 Locust Avenue Long Beach, Ca - Image 3
Presented By: George Bustamante with Coldwell Banker Commercial; 714-856-7017
  • MLS# PW24043536
  • 03/03/2024
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  • BedBeds • 7
  • BathBaths • 4
  • FootageSQFT • 2,925
  • GarageGarage • 4

Home Details

We are pleased to present 2161 Locust Avenue, a 5-unit investment property in Long Beach, California. This property has a 2 bedroom 1 bath house in front and the back structure has 3-1 bedroom units and 1- 2 bedroom two bathroom units. All the units have been fully renovated within the past 5 years. New electrical panels were added and there are 4 garages. The property has excellent cash flow and upside with much of the hard work already done. You don't want to miss out on this steady investment opportunity.
Presented By: George Bustamante with Coldwell Banker Commercial; 714-856-7017

Interior Features for 2161 Locust Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 2161 Locust Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.6
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, StormDrains, StreetLights, Sidewalks, Urban
CountyLos Angeles
Current FinancingPrivate
Days on Market52
DirectionsLocust Ave & south of Hill St.
Electric Expense0.0
Entry LocationStreet
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income100248.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Listing TermsCashtoNewLoan
Lot Size Square Feet6263.0
MLS Area5 - Wrigley Area
MobileHomeRemainsYNNo
Net Operating Income68976.0
New ConstructionNo
Open Parking Spaces2.0
Operating Expense28265.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameLocust
Subdivision NameWrigley Area (WR)
Tax Lot11
Tenant PaysElectricity, Gas
Total Units5
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningLBR2N

Exterior for 2161 Locust Avenue

Building Area Total2925.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesWalkstreet, Yard
Lot Size Acres0.1438
Lot Size Area6263.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters5
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,235,000
MLS#PW24043536
List Date 03/03/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors