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1775 Locust Ave
Long Beach, CA 90813 Downtown Long Beach

$2,019,000 USD

Apartments For Sale  •  7,176 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,176 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1962
  • Cap Rate 7.31 %
  • Zoning R4R
64 Transit Score
83 Walk Score

Highlights

PRICED TO SELL. 9.0 GRM AND 7.2% CAP against in-place rents with upside to 8.0 GRM.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Excellent Unit mix for the area.
25% down lender financing available to qualified Buyers.
Earn over a 10+% cash on cash return at current rents with upside to 15%.

Financial Summary

Cap Rate: 7.31 %

Public Transportation

Transit/SubwayDriveWalkDistance
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 4 min 0.2 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 9 min - 4.0 mi
Los Angeles International 30 min - 20.8 mi
John Wayne/Orange County 32 min - 21.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: AttachedGarage
Included in Rent: Yes
Jon Swire 310-948-2631 The Agency
Jon Swire 310-948-2631 The Agency