Properties

Property Features
: Wall Furnace
: None
Address Map
Locust
1716
Avenue
From 710 Freeway, Exit PCH - East, Turn right onto Locust Ave. Property will be on your left side in between 16th street and PCH.
4 - Downtown Area, Alamitos Beach
LBPD29
Listing Broker
Lyon Stahl Investment Real Estate, Inc.
John McCann
John
McCann
Additional Information
Two
8
2024-03-21
2
2
8
6.0
7269019035
407
Listing Information
CLW-C127551
CLW-X82195
2024-03-29T12:13:21Z
Standard
2024-03-20T17:00:00Z
CRMLS
Property Description

Introducing 1716 Locust Avenue, an investment opportunity in the heart of Long Beach, California (90813). This cash-flowing gem has been maintained by current ownership since 2015. The subject property comprises Eight units, featuring a well-balanced mix of two 1-bedroom/1-bathroom units and six 2-bedroom/1-bathroom units. If your looking for a strong cash flow on day 1 with a potential 16% more upside, then look no further. This prime investment opportunity not only offers a stable income stream with a gross income of $166,920 and a solid net income of $109,175 annually but also addresses Long Beach’s parking challenges. With an on-site parking, this property provides a valuable solution to the city’s parking constraints. Don’t miss the chance to acquire a premium property in the thriving Long Beach market, poised for both immediate returns and long-term value.

1716 Locust Avenue, Long Beach, CA 90813

  • Bedrooms : 14
  • Bathrooms (Full) : 8
  • Square Footage: 4,432 Sqft
  • Visits : 27 in 58 days
$1,800,000
Listing ID#24371337
QR Code
Property Details
Year Built : 1963
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24371337
Price : $1,800,000
Bedrooms : 14
Bathrooms (Full) : 8
Square Footage : 4,432 Sqft
Lot Area : 6,146 Sqft
Country : US
State : CA
County : Los Angeles
City : Long Beach
Zip Code : 90813
Parking : Private
Status : Active
Building Size : 4432
Mls Status : Active
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