2129 Locust Ave - Apartments FOR SALE


Long Beach, CA 90806- Wrigley
$995,000 USD
562-257-1200

NO PHOTO

$995,000 USD
Apartments - FOR SALE
null | 5.71% Cap Rate

2129 Locust Ave
Long Beach, CA 90806
Wrigley


HIGHLIGHTS

  • South Wrigley Location
  • Brand New Ground Up Construction One Bedroom ADU
  • Brand New Roofs, Upgraded Electrical Panels, and Copper / Pex Plumbing Throughout
  • Amenities That All Tenants Value
  • Award Winning Poly High School Walking Distance

OVERVIEW

Marcus & Millichap is pleased to present a 4-unit multifamily property. Built in 1928 originally as a triplex, the subject property consists of 2,351 rentable square feet spread throughout a 6,258 square foot lot. The property consists of a Two Bedroom + Den / One Bathroom House with 2 Existing One Bedroom / One Bathroom Units and 1 Brand new One Bedroom ADU. It contains three garages and one storage space.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

5.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LBR2N

APN/PARCEL ID

7208-025-021

ASK ABOUT THIS PROPERTY

Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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