2018 Locust Avenue 13, Long Beach, CA 90806

About this property

$275K PRICE REDUCTION - SELLER IS MOTIVATED. PRICED TO SELL - ONLY $226/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 10.1 GRM on current rents with upside to 8.3 GRM and 7.9% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front - possible ADU conversion - buyer to verify. Each unit also features it's own private balcony space. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Listing description from the May 2025 sale, as reported to CRMLS.

Sale history

$2,500,000

Sold May 2025 · listed $2,625,000, orig. $2,900,000, on market January 2025 · MLS #25493741 · Source: CRMLS

Listing Agent: Jonathan Swire · Listing Office: The Agency · Contact: 424-230-3700 · Bought with: Jonathan Swire · The Agency

Explore Long Beach