2161 Locust Avenue Long Beach, CA ^$ 1,235,000

2161 Locust Avenue

^$ 1,235,000

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2161 Locust Avenue

Long Beach, CA, 90806

^$ 1,235,000

Bedrooms7 Baths4.0 Sq 2,925

Monthly Estimate*

^$ 8,627

Listed by Coldwell Banker Commercial

2161 Locust Avenue, Long Beach, CA 90806 - Image 1

2161 Locust Avenue, Long Beach, CA 90806 - Image 2

2161 Locust Avenue, Long Beach, CA 90806 - Image 3

2161 Locust Avenue, Long Beach, CA 90806 - Image 4

Multi-Family Home for sale in Long Beach, CA

for $1,235,000 with 7 bedrooms and 4 full baths. This 2,925 square foot home was built in 1920 on a lot size of 0.1438.

We are pleased to present 2161 Locust Avenue, a 5-unit investment property in Long Beach, California. This property has a 2 bedroom 1 bath house in front and the back structure has 3-1 bedroom units and 1- 2 bedroom two bathroom units. All the units have been fully renovated within the past 5 years. New electrical panels were added and there are 4 garages. The property has excellent cash flow and upside with much of the hard work already done. You don't want to miss out on this steady investment opportunity.

Multi-Family Active

Price

^$ 1,235,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1438

Year Built

1920

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24043536

Days on Market

Features

General

Sewer PublicSewer

Heating Central

Possession CloseOfEscrow

Zoning LBR2N

Garage Spaces 4.0

Pool Features None

Year Built 1920

Tenant Pays Electricity Gas

Stories 1

Levels One Two

Property SubType MixedUse

Gross Income 100248.0

Community Features Curbs StormDrains StreetLights Sidewalks Urban

County Los Angeles

Net Operating Income 68976.0

Operating Expense 28265.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Wrigley Area (WR)

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Locust Ave & south of Hill St.

City Long Beach

Entry Location Street

View Y/N N

Senior Community Y/N N

Open Parking Spaces 2.0

Total Units 5

MLS Area 5 - Wrigley Area

Lot Size Square Feet 6263.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Locust

Listing Terms CashtoNewLoan

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Current Financing Private

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 52

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 11

Property Sub Type Additional MixedUse

Cap Rate 5.6

Exterior

Lot Features Walkstreet Yard

Water Source Public

Total Parking 6.0

Lot Size Area 6263.0

Number of Buildings 2

Spa N

Building Area Total 2925.0

Lot Size Acres 0.1438

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 5

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 2161

* Excluded Features

List By

Coldwell Banker Commercial

Broker

(562) 495-6070

Phone

Affordability Calculator

$8,627

Per Month

Monthly Principal & Interest: $8,627
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,090,646

Percent of Sale Price 69%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/3/2024	$1,235,000		Listed Price

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2161 Locust Avenue, Long Beach, CA, 90806 is a Multi-Family Home for sale at $1,235,000 with 2,925 sqft and a lot size of 0.1438. 2161 Locust Avenue has 7 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 90806 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2161 Locust Avenue

Multi-Family Home for sale in Long Beach, CA

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