1640 Locust

Long Beach, CA 90813
$1,895,000
Attractive multifamily investment opportunity featuring a well-maintained asset with a stable base of long-term tenants and a favorable unit mix. The property is strategically located near downtown Long Beach, offering immediate access to the 710 Freeway, public transportation, and is approximately 1.3 miles from the coastline. The ownership has completed multipleRead MoreRead Less
Property listed by Excellence Premier Real Estate, Hernan Hernandez 562-228-8811
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1924
MLS Number
DW26017371
Property Location Map
Additional Details
Building
Built in 1924, 4 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: Living room
Community
Urban
Expenses
Electric: $2,985, Gardener: $1,000, Insurance: $3,500, Licenses: $250, Operating: $40,206, Pest Control: $800, Water/Sewer: $7,983
Fireplaces
None
Heating
NaturalGas
Home Owner's Association
Association Fee: $0
Income
Gross Income: $169,056, Gross ScheduledIncome: $169,056, Net Operating Income: $123,840
Laundry
None
Lot
0.1704 acres, ZeroToOneUnitAcre
Parking
None
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7269018015, Lot: 14
Tenant Pays
Electricity, Gas
Utilities
ElectricityConnected, NaturalGasConnected, SewerConnected, Water Source: Public, 7 separate electric meters, 7 separate gas meters
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Monthly Payment
$0
Michael Harby
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.