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2307 Locust Ave
Long Beach, CA 90806
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Multi-family asset in the Wrigley neighborhood of Long Beach.
- Convenient access to I-710 and I-405 for regional connectivity.
- Nine bedrooms and eight bathrooms, delivering strong rental income potential.
Executive Summary
This multi-family residential property at 2307 Locust Avenue offers a rare investment opportunity in the vibrant Wrigley neighborhood of Long Beach. Listed at $1,395,000, the asset features nine bedrooms and eight bathrooms across multiple units, creating strong income-producing potential in a dense, high-demand rental market. Built in 1922, the property has a rich historical character and sits on a 5,674-square-foot lot, maximizing land utility in a well-established urban corridor.
The location provides close proximity to major freeways, including I-710 and I-405, ensuring convenient access throughout the greater Los Angeles region. Tenants benefit from being just minutes from Downtown Long Beach, Waterfront attractions, and employment hubs, with easy connectivity to nearby schools, shopping, and public transit. This property represents an attractive opportunity for investors seeking long-term value in a dynamic, growing Southern California rental market.
The location provides close proximity to major freeways, including I-710 and I-405, ensuring convenient access throughout the greater Los Angeles region. Tenants benefit from being just minutes from Downtown Long Beach, Waterfront attractions, and employment hubs, with easy connectivity to nearby schools, shopping, and public transit. This property represents an attractive opportunity for investors seeking long-term value in a dynamic, growing Southern California rental market.
Property Facts
| Price Per Unit | $491,207 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| No. Units | 4 | Building Size | 2,500 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1922 |
| Apartment Style | Low-Rise | Parking Ratio | 0.13/1,000 SF |
| Zoning | RR2N, Long Beach - Low Rise/Medium Density Residential | ||
| Price Per Unit | $491,207 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,500 SF |
| No. Stories | 1 |
| Year Built | 1922 |
| Parking Ratio | 0.13/1,000 SF |
| Zoning | RR2N, Long Beach - Low Rise/Medium Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 450 |
| 2+1 | 1 | - | 1,000 |
Property Taxes
| Parcel Number | 7208-014-013 | Improvements Assessment | $931,925 CAD |
| Land Assessment | $539,130 CAD | Total Assessment | $1,471,055 CAD |
Property Taxes
Parcel Number
7208-014-013
Land Assessment
$539,130 CAD
Improvements Assessment
$931,925 CAD
Total Assessment
$1,471,055 CAD
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