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Multifamily

2137 Locust Ave

2137 Locust Ave, Long Beach, CA 90806

Listing Price: $1,200,000

Cap Rate
4.73%
Number of Units
4
Occupancy
100.0%
Price/Unit
$300,000
Price/Gross SF
$445.43
Gross SF
2,694

Investment Overview

We pleased to present 2137 Locust Avenue, a 4-unit investment property in Long Beach, California. The property is located between Pacific Avenue and Long Beach Boulevard just minutes from Downtown Long Beach. This area is a solid majority-renter market with low vacancy rates. 2137 Locust Avenue consists of one 3 bedroom 1 bathroom unit and three 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers two single car garages. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Investment Highlights

  • Fully Renovated With No Details Overlooked
  • Excellent Yield with Upside
  • Charming Floor Plans
  • Poised for Long Term Growth
  • 6% ProForma Cap Rate

Exclusively Listed By

Financing By

Multifamily

2137 Locust Ave

Listing Price: $1,200,000

Cap Rate
4.73%
Number of Units
4
Occupancy
100.0%
Price/Unit
$300,000
Price/Gross SF
$445.43
Gross SF
2,694

Investment Highlights

  • Fully Renovated With No Details Overlooked
  • Excellent Yield with Upside
  • Charming Floor Plans
  • Poised for Long Term Growth
  • 6% ProForma Cap Rate

Investment Overview

We pleased to present 2137 Locust Avenue, a 4-unit investment property in Long Beach, California. The property is located between Pacific Avenue and Long Beach Boulevard just minutes from Downtown Long Beach. This area is a solid majority-renter market with low vacancy rates. 2137 Locust Avenue consists of one 3 bedroom 1 bathroom unit and three 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers two single car garages. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Exclusively Listed By

Financing By

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