2018 Locust Avenue #13, Long Beach, CA 90806

$2,625,000 Approx. USD 16 beds, 13 baths
11,626 sqft

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Agent Remarks

$275K PRICE REDUCTION - SELLER IS MOTIVATED. PRICED TO SELL - ONLY $226/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 10.1 GRM on current rents with upside to 8.3 GRM and 7.9% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front - possible ADU conversion - buyer to verify. Each unit also features it's own private balcony space. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 25493741

List price is $2,625,000 Reduced by $124,000 on 3/25/2025

Price: $2,625,000

Beds: 16

Baths: 13

Built in 1963

11,626 sqft

2 stories

0.30 acres