1025 Locust Avenue

Long Beach, CA 90813

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,498 Sqft
  • 7356
    Sqft(Lot)
$2,000,000

Description

Attention all multi-family investors! we are proud to offer this once in a lifetime 8-unit downtown trophy asset approximately 1 mile to the beach, pier and everything that's wonderful about long beach. no citywide rent control offers savvy landlords countless flexibility. ideal location! location! located within city’s fast-growing opportunity zone, walking distance to historic pine ave, 4th street’s retro-row, restaurants, bike trails, schools, churches, dog park, grocery store and approximately 200 ft to metro a line train station. 1025 locust is a picturesque 1920s building, featuring all the qualities and characteristics of classic 20th century architecture – boasting magnificent woodwork, built-in cabinetry, high ceilings, crown moldings, expansive floor plans with an abundance of natural light and great curb appeal. “pride of ownership” is evident. recent upgrades include remodeled kitchens and bathrooms, refurbished hardwood flooring, new quartz/granite countertops, new wood plank vinyl flooring, 44 new windows installed in 2021, new fixtures, custom two-tone paint and ac window cooling. the units are much larger than many of the nearby apartment units. the oversized 3-room studios include galley style kitchens with counter to ceiling cabinets, walk-in closets and the extremely large 1 bedrooms offer full-size kitchens, walk-in showers, bathtubs and a service porch. additional investor notables: spacious backyard area and four garages offer great duplex adu building potential; new statewide density and parking requirements for multi-units near mass transit offers similar development upside as 97-unit 1112 locust apartment building; improve best use of 5,498 sq. ft building space to double current bedroom count or increase income immediately with fully furnished apartments similar to current airbnb apt. #6. don’t miss this rare opportunity to own a turnkey cash cow and a legacy of authentic history while taking full advantage of endless income growth. seller motivated!!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Cape Cod

  • AD ID

    47615962

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition,Flat
    • Interior Features: Ceiling Fan(s),Crown Molding,Recessed Lighting
    • Windows: Double Pane Windows
    • Property Appliances: Gas Cooktop,Gas Oven,Gas Range,Microwave,Refrigerator
    • Fireplace: Family Room
    • Flooring: Carpet,Tile,Vinyl,Wood

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: Family Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1920
    • Building Area Total: 5,498
    • Roof: Composition,Flat

    Foundation

    • Raised

    Security Features

    • Carbon Monoxide Detector(s),Smoke Detector(s)

    Pool Features

    • None

    Laundry Features

    • None

    Fencing

    • Wood

  • Lot Details

    • Lot Dimensions Source: Assessor
    • Lot Size Acres: 0.1689
    • Lot Size Dimensions: 49 x 151
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7356

  • Listing Price Information

    • Original List Price: 2,000,000
    • Listing Contract Date: 2024-11-09

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7273006014

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Postal Code Plus 4: 3260
    • Directions: Mjr cross street: 10th street & Pacific Ave
    • Zoning: LBR4N
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 104
    • Common Walls: No Common Walls
    • Property Condition: Updated/Remodeled
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
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BuyOwner last updated this listing 11/14/2024 @ 19:24

  • MLS: PW24230683
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,498 sqft, 7,356 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90813, this Los Angeles County Home are nearby neighborhoods.