2115 Locust Ave, Long Beach, CA 90806

2115 Locust Ave, Long Beach, CA 90806

Long Beach, CA

Property Description

Great opportunity to own a Beautiful, Cash Flowing 4-plex at 2115 Locust Ave., Long Beach. Located in South Wrigley, the asset is a great owner/user opportunity with a House in the front and (3) Units in the back. Locust Ave. has a very strong unit mix, being comprised of (1) 3-Bedroom/2 Bath, (2) 2-bedroom/1-bath, & (1) 1-Bedroom/1-bath units. A very rare commodity in Long Beach, the property has (5) garages on site conveniently located for all tenants, as well as an opportunity for extra income for owners. This massive 4-plex accounts for 4,158 Sq.Ft, and sits on a 6,245 Sq.Ft lot. Current rental income allows the property to operate just below a 4.5% Cap and 14 GRM. 2115 Locust is also separately metered for gas and electricity. With $6B in development flowing into the city, Long Beach has continued to rise as a top beach community. This is a perfect opportunity for any buyer looking to own cash flowing asset with upside

Property Features

  • Sale Price: $1,175,000
  • Area Size: 4,158 SF
  • Land Area: 6,245 SF
  • Year Built: 1965
  • Listing Date: 6/3/2020
  • Closing Date: 10/26/2020
  • Units: 4
  • Price Per Unit: $312,500

Lyon Stahl Investment Real Estate

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