Skip To Content

2137 Locust Avenue

Long Beach, CA 90806
  • $1,200,000
  • STATUS: Active
  • ON SITE: 132 Days
  • ID#: 23234253
$1,200,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,694
    SQFT
  • $445
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Listing Agent(s): Jonathan Weir of Marcus & Millichap (424-405-3900)


Description

We are pleased to present 2137 Locust Avenue, a 4-unit investment property in Long Beach, California. The property is located between Pacific Avenue and Long Beach Boulevard just minutes from Downtown Long Beach. This area is a solid majority-renter market with low vacancy rates. 2137 Locust Avenue consists of one 3 bedroom 1 bathroom unit and three 1bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers two single car garages. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T00:34:09.453. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/136241535
Print Image

2137 Locust Avenue Long Beach, CA 90806

  • Price: $1,200,000
  • Status: Active
  • On Site: 132 Days
  • ID#: 23234253
6
Beds
0
Baths
0
½ Baths
0.14
Acres
2,694
SQFT
$445
$/SQFT
1956
Built
Neighborhood:
5 - Wrigley Area
County:
Los Angeles
Area:
5 - Wrigley Area
Property Description
We are pleased to present 2137 Locust Avenue, a 4-unit investment property in Long Beach, California. The property is located between Pacific Avenue and Long Beach Boulevard just minutes from Downtown Long Beach. This area is a solid majority-renter market with low vacancy rates. 2137 Locust Avenue consists of one 3 bedroom 1 bathroom unit and three 1bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers two single car garages. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.
Exterior Features

Open Parking Spaces 4 Parking Features Door-SingleGarage Parking Total 8

Interior Features

Appliances Refrigerator Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 4.73 Garage YN Yes Gross Income 86604 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 56736 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lbr2n



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T00:34:09.453. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370837540-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370837540-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370837540-1.jpg
Logo
Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Jonathan Weir of Marcus & Millichap (424-405-3900)