Long Beach, CA 90806 2161 Locust Avenue
$1,170,000
7 more
Presented By: Jorge Mora with Keller Williams Pacific Estate; jorge@themorarealtygroup.com
- MLS# PW25181530
- 08/12/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 2
Baths • 1
SQFT • 2,695
Garage • 5
Home Details
7.69% Cap Rate! With Still An Opportunity To Grow. Add This High Performing Multi Family Property To Your Investment Portfolio. With (3) 1 Bedroom 1 Bath, (1) 2 Bedroom 1 Bath and (1) 2 Bedroom 2 Bath Units. Along With 5 Single Garages With Alley Access. Makes It Convenient For Tenants To Come And Go. Coin Operated Laundry. Many Upgrades Have Been Done To The Property With A Newer Roof, Upgraded Electrical Panel And Upgrades Inside The Units. The Property Also Has A Long Driveway For Additional Parking. Centrally Located To Metro Blue Line, 710 Freeway, Shopping, Restaurants And Much More. You're Not Going To Want To Miss Out On This Golden Opportunity.
Presented By: Jorge Mora with Keller Williams Pacific Estate; jorge@themorarealtygroup.com
Interior Features for 2161 Locust Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories1
Other Rooms
Entry Level1
General for 2161 Locust Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
ContingencyNone. Property To Be Delivered With Tenants
CountyLos Angeles
Current FinancingPrivate
DirectionsEast Of Long Beach Blvd South Of Willow
Electric Expense200.0
Entry LocationStreet
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income117820.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense240.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashToNewLoan
Lot Size Square Feet6263.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MobileHomeRemainsYNNo
Net Operating Income56320.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Open Parking Spaces5.0
Operating Expense60500.0
Pool FeaturesNone
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories Count1
Subdivision NameWrigley Area (WR)
Tax Lot11
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent9735.0
Trash Expense85.0
Water Sewer Expense100.0
Year Built1920
Year Built SourceAssessor
ZoningLBR2N
Exterior for 2161 Locust Avenue
Building Area Total2695.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1438
Lot Size Area6263.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters6
Number of Separate Gas Meters3
Number of Separate Water Meters3
Parking FeaturesGarage
Private PoolNo
SpaNo
Total Parking10.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate