1868 Locust Ave - Apartments FOR SALE


Long Beach, CA 90806- Wrigley
$1,649,000 USD
714-809-7608
1868 Locust Ave, Long Beach, CA for Sale
$1,649,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1868 Locust Ave
Long Beach, CA 90806
Wrigley


HIGHLIGHTS

  • Eight-unit multifamily property consisting of seven one-bedroom, one-bath units and one two-bedroom, one-bath unit.
  • Close proximity to major freeways, including I-710, and strong access to public transportation routes.
  • Situated in the Wrigley neighborhood near Downtown Long Beach, offering easy access to retail, dining, and recreational amenities.
  • Includes four private garages and a gated perimeter for security and tenant convenience.
  • Individually metered for utilities, reducing operational expenses and simplifying management.

OVERVIEW

Eight-unit multi-family property in Long Beach’s Wrigley neighborhood, featuring seven one-bedroom units and one two-bedroom unit. The building offers gated access, four private garages, and separate utility meters for gas and electricity, reducing owner expenses. Located near Downtown Long Beach and major freeways, this asset delivers strong in-place income with upside potential through renovations and rental growth.

FOR SALE DETAILS

PRICE

$1,649,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

8

PRICE/UNIT

$206,125

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,017 SF

ZONING

PD29, Long Beach

APN/PARCEL ID

7209-015-007

ASK ABOUT THIS PROPERTY

Kristina MooreKristina Moore, BrokerMore Info
714-809-7608

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Kristina MooreKristina Moore, BrokerMore Info
714-809-7608

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.