945 Locust Avenue, Long Beach
Long Beach Home Sale
945 Locust Avenue is a 16-unit apartment property in Long Beach, California, adjacent to the vibrant East Village Arts District and Downtown. The controlled-access, all-electric, separately-metered building features two (2) 2BD / 2 BA units and fourteen (14) 2BD / 1 BA units. Seven (7) of the units are fully remodeled with new flooring, kitchens, stainless steel appliances, new bathrooms and modern fixtures and finishes. Double-pane windows are installed throughout the building for additional energy efficiency. An onsite laundry / storage room can provide extra income, and the eight (8) garages offer the opportunity for ADU conversion for additional rental income. 945 Locust Avenue is priced at 11.73 GRM and 5.39% cap rate at current rents.
Property Details
Additional Information
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- City:
- Long Beach
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- County:
- Los Angeles
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- Zip:
- 90813
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- MLS® #:
- PW23149053
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- Bedrooms:
- 4
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- Bathrooms:
- 3
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- Lot Size:
- 0.17
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- Neighborhood:
- Downtown (DT)
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- Garages:
- 8
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- HOA Dues:
- $
Price Change History for 945 Locust Avenue, Long Beach, (MLS® #PW23149053)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | – | – | |
| Pending | – | – | |
| Active Under Contract (from Active) | – | – |
Based on information from California Regional Multiple Listing Service, Inc. as of August 24th, 2024 at 12:11pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.