2161 Locust Avenue, Long Beach, CA 90806
- $1,135,000
- Sold Price
- $1,135,000
- List Price
- $1,170,000
- Closing Date
- Sep 26, 2025
- Status
- CLOSED
- MLS#
- PW25181559
- Year Built
- 1920
- Lot Size
- 6,263
- Acres
- 0.14
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 3
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
7.69% Cap Rate! With Still An Opportunity To Grow. Add This High Performing Multi Family Property To Your Investment Portfolio. With (3) 1 Bedroom 1 Bath, (1) 2 Bedroom 1 Bath and (1) 2 Bedroom 2 Bath Units. Along With 5 Single Garages With Alley Access. Makes It Convenient For Tenants To Come And Go. Coin Operated Laundry. Many Upgrades Have Been Done To The Property With A Newer Roof, Upgraded Electrical Panel And Upgrades Inside The Units. The Property Also Has A Long Driveway For Additional Parking. Centrally Located To Metro Blue Line, 710 Freeway, Shopping, Restaurants And Much More. You're Not Going To Want To Miss Out On This Golden Opportunity.
Additional Information
- Heat
- Central
- Roof
- Shingle
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $117,820
- Operating Expense
- 60500
Listing courtesy of Listing Agent: Jorge Mora (jorge@themorarealtygroup.com) from Listing Office: Keller Williams Pacific Estate.
Listing sold by Miguel Belmonte from Century 21 Allstars
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.