Solid as a Rock for the alert investor! Comfortable stylish located in the Central Long Beach Redevelopment Project. All units are fully rented, has a great cash flow, and appreciation with upside potential. Building offers common laundry room for additional income, Some units have been completely renovated, Courtyard for picnics and entertaining, each unit has a separate gas and electric meters, and the lot is low maintenance requires very little landscape work. Units are gated, property has an enormous amount of potential, does a little and saves a lot. Property needs some tender loving, but could be tremendous with the right touches. Subject is convenient to freeway access, shopping centers, downtown, Anaheim street station, schools, amenities in the area, and just minutes from the beach. The price is startling, waiting for you to be the proud owner, in prime rental area.
Off market
$2,247,500
1431 Locust Ave, Long Beach, CA 90813
14beds
12baths
7,424sqft
SingleFamily
Built in 1962
7,448 Square Feet Lot
$2,247,500 Zestimate®
$303/sqft
$3,252 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 12
Heating
- Gas
Cooling
- Other
Appliances
- Included: Refrigerator
Features
- Flooring: Tile, Carpet, Laminate, Linoleum / Vinyl
Interior area
- Total interior livable area: 7,424 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage - Attached
Lot
- Size: 7,448 sqft
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Other
Condition
- Year built: 1962
Community & neighborhood
Location
- Region: Long Beach
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Estimated market value
$2,247,500