CA > Long Beach > Wrigley Area (Wr)
Long Beach, CA 90806,2015 Locust Avenue
Long Beach, CA 90806,2015 Locust Avenue
Long Beach, CA 90806,2015 Locust Avenue
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$1,299,000
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6 Beds
3 Baths
Active Under Contract

2015 Locust Avenue Long Beach, CA 90806

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID SB25149560

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

Property Description

We are proud to present 2015 Locust Avenue, a four-unit multifamily property located in the Wrigley neighborhood of Long Beach. Just north of Downtown and minutes from the 710 and 405 freeways, Wrigley offers residents convenient access to major employment centers, Long Beach City College, and the Metro A Line light rail. The neighborhoods central location and strong rental demand make this asset ideal for investors seeking stability and long-term appreciation in a growing Long Beach submarket. Situated on a 4,750 SF lot, the property offers 3,199 SF of rentable space and features a desirable unit mix of one (1) three-bedroom, one-bath unit; one (1) two-bedroom, one-bath unit; and two (2) one-bedroom, one-bath unitsone of which is currently vacant, providing immediate upside. Significant recent upgrades include exterior paint, new roof and gutters, garage doors, staircase rebuild, and one fully renovated unit in 2025. Additional improvements in prior years include new windows, plumbing updates, tankless water heaters, new fencing, and full or partial renovations of three other units, minimizing future capex needs for a new owner. 2015 Locust Avenue is an ideal opportunity for an investor to acquire a turnkey asset with strong in-place income of $104,820 per year and clear value-add potential. The vacant one-bedroom unit offers immediate lease-up upside, while below-market rents in the occupied units present a path for long-term growth. An on-site laundry roomcurrently not in useoffers a simple way to add tenant convenience and generate additional monthly income. This is a w

Location

State CA

County Los Angeles

Zoning Assessor

Direction Locust Ave and 20th St

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7209018030

MLS Router / San Diego MLS
Listed by Christopher Van Vuuren Lyon Stahl Investment Real Estate, Inc.

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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2015 Locust Avenue

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