CA > Long Beach
Long Beach, CA 90813,1775 Locust Avenue
Long Beach, CA 90813,1775 Locust Avenue
Long Beach, CA 90813,1775 Locust Avenue
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$2,049,000
Est. payment /mo
7,176 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,176 sqft

Price per Sqft $285

MLS Listing ID CL25543763

HOA Y/N No

Year Built 1962

Lot Size 7,509 Sqft

Acres 0.17

Property Sub-Type Other

Property Description

PRICE REDUCED - and PRICED TO SELL. Currently a 9.0 GRM and 7.2% CAP with upside to a 8.0 GRM and 8.4% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs - rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU's - Buyer to verify. Qualified Buyers can put down as little as 25% on a new loan. Earn over 11% cash on cash against in place rents, and over 15% cash on cash at market. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Location

State CA

County Los Angeles

Zoning LBR4

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Building

New Construction No

Others

Tax ID 7269010037

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jonathan Swire • The Agency
Danielle Broad

+1(925) 383-9200

smiles4dee@gmail.com

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