2161 Locust Avenue

Long Beach, CA 90806

$1,325,000
Price
—
Beds
2,695 Sq. Ft.
$492 / Sq. Ft.
2,695
Sq. Ft.
$492
per Sq. Ft.

Description

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 4 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,...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 4 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.
  1. Listed by Jorge Mora • DRE #01365167 • Brokerage DRE #01917184 • Keller Williams Pacific Estate • jorge@themorarealtygroup.com

Property Details for 2161 Locust Avenue

Parking Spaces Total
7
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2695
Assessor Parcel Number
7208-025-011
Property Attached YN
true
LISTING UPDATED: 12/12/2024 06:08 AM

Property Details for 2161 Locust Avenue

StatusActive
MLS #PW24206577
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1920
Lot Size0.14 AC / 6,263 SF
CountyLos Angeles County

Building Information for 2161 Locust Avenue

Stories2Residences-Year Built1920Building Size-Lot Size0.14 AC / 6,263 SF

Property Information for 2161 Locust Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $600
  • Gross Scheduled Income: $109,236
  • Net Operating Income: $43,992
  • Laundry Income: $1,200
  • Current Financing: Private
Expense Details
  • Operating Expense: $65,244
  • Gardener Expense: $480
  • Fuel Expense: $3,420
  • Insurance Expense: $2,880
  • Professional Management Expense: $0
  • Trash Expense: $600
  • Water Sewer Expense: $3,480
  • Real Estate Tax Expense: $18,000
  • Total Expenses: $7,980
Tax / Assessment Info
  • Tax Tract Number: 11934
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Sidewalks
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: Street
  • Fence: Yes
  • Fence: Wood
  • Fencing: Security, Wood
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Lawn
  • Land Use: Multi-Family
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Available, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Available, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,485
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,225
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,265
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,795
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,333
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 2161 Locust Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2161 Locust Avenue

Taxable ValueLand$636,724Additions$721,841Total$1,358,565
Tax Record2024$18,847 ($1,571 / month)
Home Facts
Total Finished SqFt2,999 SqFtAbove Grade Finished SqFt2,999 SqFtLot Size6,261 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningLBR2NCountyLOS ANGELESAPN7208-025-011

Schools near 2161 Locust Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Robinson Academy
PublicK to 8

Polytechnic High School
Public9 to 12

Educational Partnership High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2161 Locust Avenue is a mixed use property for sale in Long Beach, CA 90806. This property was listed for sale on October 23, 2024 by Keller Williams Pacific Estate, it's currently listed at $1,325,000. It has been on the market for a total of 5 days and was last sold on March 26, 2021. This listing's school district is Long Beach Unified School District. Nearby schools include Robinson Academy, Polytechnic High School and Educational Partnership High School. 2161 Locust Avenue is a 0-bed, 0-bath, 2,695 sqft mixed use property built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Pacific Estate, Jorge Mora, DRE #01365167

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.