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1221 S Hacienda Blvd

Hacienda Heights, CA 91745

1 626 427 0786

kris@theapartmentdealer.com

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14 Units in Long Beach

Locust Ave, Long Beach, CA, USA
$2,450,000$175,000/Per Unit

Description

PROPERTY HIGHLIGHTS

  • Assumable Financing Available!
    • 3.63% Interest Rate for 7.5 Years Fixed
    • (6.77%+ Current Cash-on-Cash Return)
  • Huge Value-Add Opportunity – 35% Upside in Rents!
  • (1) 2-Bed/1-Bath Unit, (1) 1-Bed/1-Bath Cottage & (12) Studios
  • Tenants Enjoy Gated/Secured Entry
  • RUBS System Implemented to Charge Tenants Back for Water/Trash/Sewer
  • Current Cap Rate: 6.10% | Current GRM: 11.72
  • Address: 1641 Locust Ave
  • City: Long Beach
  • State/county: California
  • Zip/Postal Code: 90813
  • Country: United States

Detail

Updated on July 10, 2023 at 11:27 am

  • Price: $2,450,000
  • Property Size: 7020 SqFt
  • Land Area: 7405 SqFt
  • Year Built: 1927
  • Property Type: Multi Family
  • Property Status: Under Contract

Additional details

  • # of Units: 14
  • Unit Mix: 1 (2+1), 1 (1+1), 12 Studios
  • Zoning: LBR4R

WalkScore

walkscore80 / Very Walkable more details here

Contact info

Deepen Shah
Deepen Shah
(626) 427-0798
Kristopher German
Kristopher German
(626) 427-0786
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