Active
2018 Locust Avenue 13
Long Beach CA, 90806
$2,799,000
$240.75 per sqft
Active
16 Beds
13 Baths
11,626 sqft
Residential
Built in 1963
Listed by Jonathan Swire with The Agency 310-948-2631
$100K PRICE REDUCTION - SELLER IS MOTIVATED. PRICED TO SELL - ONLY $241/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 10.8 GRM on current rents with upside to 8.9 GRM and 7.4% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front - possible ADU conversion - buyer to verify. Each unit also features it's own private balcony space. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
25493741
MLSⓇ ID
January 31, 2025
Listed
March 5, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
16
Total Bathrooms
13
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.3 Acres
Other Property Details
Area Name
5 - Wrigley Area
Days on Market
32
Garage
Yes
Garage Spaces
6
Parking
Assigned
Parking Total
9
View
No
County
Los Angeles
Zoning
LBPD29
Listing History
Date | Event | Price |
|---|---|---|
3/4/2025 | Price change | $2,799,000 -2% |
2/17/2025 | Price change | $2,849,000 -2% |
Listing Contact: 424-230-3700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/5/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/5/2025 at 11:08 AM UTC