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1868 Locust Ave 8 Unit Apartment Building $2,251,973 CAD ($281,497 CAD/Unit) Long Beach, CA 90806
Investment Highlights
- Eight-unit multifamily property consisting of seven one-bedroom, one-bath units and one two-bedroom, one-bath unit.
- Situated in the Wrigley neighborhood near Downtown Long Beach, offering easy access to retail, dining, and recreational amenities.
- Individually metered for utilities, reducing operational expenses and simplifying management.
- Close proximity to major freeways, including I-710, and strong access to public transportation routes.
- Includes four private garages and a gated perimeter for security and tenant convenience.
Property Facts
| Price | $2,251,973 CAD | Building Class | C |
| Price Per Unit | $281,497 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 4,522 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | PD29, Long Beach | ||
| Price | $2,251,973 CAD |
| Price Per Unit | $281,497 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,522 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| Opportunity Zone |
Yes |
| Zoning | PD29, Long Beach |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7209-015-007 | Improvements Assessment | $809,192 CAD |
| Land Assessment | $511,068 CAD | Total Assessment | $1,320,260 CAD |
Property Taxes
Parcel Number
7209-015-007
Land Assessment
$511,068 CAD
Improvements Assessment
$809,192 CAD
Total Assessment
$1,320,260 CAD
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1868 Locust Ave
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