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1775 Locust Avenue, Long Beach, CA 90813
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$2,049,000
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Home Details for 1775 Locust Avenue
Price
$2,049,000
Type
other
Bedrooms
19
Total Bathrooms
9
Year Build
1962
Sq. Ft.
7176
Lot Size
0.1724
County
Los Angeles
MLS®️ Listing#
25543763
On exitrealty.com
177 days
Property Description
PRICE REDUCED - and PRICED TO SELL. Currently a 9.0 GRM and 7.2% CAP with upside to a 8.0 GRM and 8.4% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs - rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU's - Buyer to verify. Qualified Buyers can put down as little as 25% on a new loan. Earn over 11% cash on cash against in place rents, and over 15% cash on cash at market. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- Cooling Information
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- Wall Furnace
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Listing Courtesy: The Agency - 424-230-3700
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-10-23 13:00:46 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.
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Market statistics compiled from data from California Regional MLS.
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EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA DRE# 01924483. Shawn Sorensen broker.
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$2,049,000
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EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA DRE# 01924483. Shawn Sorensen broker.