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Multifamily

2129 Locust Ave

2129 Locust Ave, Long Beach, CA 90806

Listing Price: $995,000

Cap Rate
5.71%
Number of Units
4
GRM
12.28
Price/Unit
$248,750
Price/Gross SF
$423.22
Gross SF
2,351

Investment Overview

Marcus & Millichap is pleased to present a 4-unit multifamily property. Built in 1928 originally as a triplex, the subject property consists of 2,351 rentable square feet spread throughout a 6,258 square foot lot. The property consists of a Two Bedroom + Den / One Bathroom House with 2 Existing One Bedroom / One Bathroom Units and 1 Brand new One Bedroom ADU. It contains three garages and one storage space.

Investment Highlights

  • South Wrigley Location: Centrally located to 405 and 710 Freeway, Memorial Medical Center, Signal Hill, and Downtown Long Beach
  • Brand New Ground Up Construction One Bedroom ADU: Built Between Front House and Back Buildings
  • Brand New Roofs, Upgraded Electrical Panels, and Copper / Pex Plumbing Throughout
  • Amenities That All Tenants Value: Synergized Outdoor Space, Laundry In-Unit (2/4 units), and Private Parking (3 Garages+Storage
  • Two Bedroom + Den / One Bathroom House with 2 Existing One Bedroom / One Bathroom Units and 1 Brand new One Bedroom ADU
  • Award Winning Poly High School Walking Distance

Exclusively Listed By

Multifamily

2129 Locust Ave

Listing Price: $995,000

Cap Rate
5.71%
Number of Units
4
GRM
12.28
Price/Unit
$248,750
Price/Gross SF
$423.22
Gross SF
2,351

Investment Highlights

  • South Wrigley Location: Centrally located to 405 and 710 Freeway, Memorial Medical Center, Signal Hill, and Downtown Long Beach
  • Brand New Ground Up Construction One Bedroom ADU: Built Between Front House and Back Buildings
  • Brand New Roofs, Upgraded Electrical Panels, and Copper / Pex Plumbing Throughout
  • Amenities That All Tenants Value: Synergized Outdoor Space, Laundry In-Unit (2/4 units), and Private Parking (3 Garages+Storage
  • Two Bedroom + Den / One Bathroom House with 2 Existing One Bedroom / One Bathroom Units and 1 Brand new One Bedroom ADU
  • Award Winning Poly High School Walking Distance

Investment Overview

Marcus & Millichap is pleased to present a 4-unit multifamily property. Built in 1928 originally as a triplex, the subject property consists of 2,351 rentable square feet spread throughout a 6,258 square foot lot. The property consists of a Two Bedroom + Den / One Bathroom House with 2 Existing One Bedroom / One Bathroom Units and 1 Brand new One Bedroom ADU. It contains three garages and one storage space.

Exclusively Listed By

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