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2115 Locust Avenue Long Beach, CA 90806
6 beds 4 baths · 4158 ft2 · 6245 ft2 lot
$1,199,000
$288 / ft2
Listing provided courtesy of ,
Source CRMLS
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. With the 3-Bed House rented with top of the market rents, the property would be operating at a 5.57% Cap and 12.65 GRM! 2115 Locust is also separately metered for gas and electric. 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.
HOA
$—/month
On market
2 months
Year built
1965
Property type
Multi-Family
Parking
5
MLS
SB20106284
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$1,199,000
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The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Aug 03, 2020 10:36am
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%Sale/List
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Property History
08/03/2020
08/03/2020
Public Record
active
Public Record
$1,199,000
-2.12%
08/03/2020
08/03/2020
Public Record
active
Public Record
$1,225,000
-2.00%
08/03/2020
08/03/2020
Public Record
active
Public Record
$1,250,000
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