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31331803
31331804

1564 Locust, Long Beach, CA 90813

JA
KW Commercial Long Beach Pacific Estates
Listed by KW Commercial Long Beach Pacific Estates
$1,125,000
76 days on market
Updated 55 days ago

1564 Locust

Details
APN 7269017033
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 7.30%
Buildings 1
Acreage 0.069
Zoning Assessor

Multifamily | 7.30% CAP | 4 Units

Marketing description

This well-maintained 4-unit income property presents a strong opportunity for investors seeking stable, long-term rental income. The building features four units with functional layouts that provide comfortable living spaces and consistent tenant appeal. The property is currently occupied by some long-term tenants and tenants within the last three years, offering immediate and reliable income with a proven rental history. Their extended tenancy reflects the overall desirability and stability of the property. Public Street parking for the property is available on the street directly in front of the building, providing convenient access for residents and guests. Located in a high-demand rental area of Long Beach, the property is close to schools, shopping, public transportation, and major freeways, making it attractive to a wide range of tenants. Overall, this is a solid multi-unit investment with dependable income, minimal turnover, and strong long-term upside in a desirable market.
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Listing Contacts

JA
KW Commercial Long Beach Pacific Estates
Listed by KW Commercial Long Beach Pacific Estates

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