2326 Locust Avenue, Long Beach, CA 90806

About this property

This is a truly unique opportunity to own an income-producing asset that you can be proud to have in your portfolio. A different standard of quality in design, construction, and management than anything you have seen in the City of Long Beach. The entire building was completely gutted and re-imagined with a clean, modern flair, then re-constructed with painstaking care and true craftsmanship. All rents are ACTUAL, residents were screened to a rigorous standard for credit, employment, and payment history and signed to a minimum lease term of 1 year. Features including drought-tolerant landscaping with drip irrigation, tankless house water heater, new CA Energy Code compliant windows and LED lighting throughout demonstrate a commitment to energy efficiency and low-maintenance. Separately metered for gas & electricity, 8 on-site parking spaces, laundry room with (2) coin-operated washers & dryers, irrigation & exterior lighting on timers.

Listing description from the January 2017 sale, as reported to CRMLS.

Sale history

$1,625,000

Sold January 2017 · listed $1,695,000, orig. $1,750,000, on market August 2016 · MLS #OC16182710 · Source: CRMLS

Listing Agent: Tim Stuart · Listing Office: The Long Beach Company · Contact: 562-265-1850 · Bought with: VICTOR MENDIOLA · INTERO REAL ESTATE SERVICES

$695,000

Sold January 2014 · listed $725,000, orig. $789,000, on market October 2013 · MLS #PW13206489 · Source: CRMLS

Listing Agent: John Lindberg · Listing Office: Re/Max R. E. Specialists · Contact: 562-493-3004 · Bought with: John Lindberg · Re/Max R. E. Specialists

$580,000

Sold January 2012 · listed $599,000, orig. $635,000, on market November 2011 · MLS #V11154106 · Source: CRMLS

Listing Agent: Kenneth Colbert · Listing Office: RE/MAX Execs South Bay · Contact: 310-378-9889 · Bought with: Out of Area South Bay · SOUTH BAY AOR

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