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Multifamily

2137 Locust Ave

2137 Locust Ave, Long Beach, CA 90806

Listing Price: $1,165,000

Cap Rate
5.40%
Number of Units
4
GRM
10.38
Occupancy
100.0%
Price/Unit
$291,250
Price/Gross SF
$432.44
Gross SF
2,694

Investment Overview

The Weir Group of Marcus & Millichap is 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

  • Front House Can Be Delivered Vacant
  • Renovated Interiors
  • Brand New Roof
  • New Foundation on Front House
  • Perfect Owner User/Investor Deal

Exclusively Listed By

Multifamily

2137 Locust Ave

Listing Price: $1,165,000

Cap Rate
5.40%
Number of Units
4
GRM
10.38
Occupancy
100.0%
Price/Unit
$291,250
Price/Gross SF
$432.44
Gross SF
2,694

Investment Highlights

  • Front House Can Be Delivered Vacant
  • Renovated Interiors
  • Brand New Roof
  • New Foundation on Front House
  • Perfect Owner User/Investor Deal

Investment Overview

The Weir Group of Marcus & Millichap is 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

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