$1,650,000
Units
12
Building Size
9,444 sf
Lot Size
8,999 sf
Status
Sold
Long Beach
1880 Locust
About This Property
Best income property in Long Beach; Located in a "NO" rent control area; Hard to find building constructed in 1987; Great Investment; newer carpets, newer security system and newer gate; It produces monthly income. CAP RATE = 6.0; GROSS MULTIPLIER = 11.84. SELLERS MOVING OUT OF STATE
Unit Mix
- 4 units · 1bd / 0ba
- 8 units · 2bd / 0ba
Neighborhood
This property is located in Long Beach. Want to learn more about the area?
Explore CommunitiesListing courtesy of Re/Max Beach Cities
Listing data from CRMLS. Deemed reliable but not guaranteed.
Sold For
$1,650,000
Listing Agent
MARIE ARCHONDO
Re/Max Beach Cities