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Gary & Colleen Wolfson
(858) 792-6085
Direct Office:
(818) 597-4513
colleenwolfson@bhhscal.com
DRE# 01044223
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Gary & Colleen Wolfson
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(858) 792-6085
Direct Office:
(818) 597-4513
colleenwolfson@
bhhscal.com
DRE# 01044223
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(858) 792-6085
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SOLD
$3,900,000
Date 11/14/2023

945 Locust Avenue
Long Beach, CA 90813

Mixed Use
Residence
13,054
Sqft
0.1727
Lot Size
Listing Agent: Robert Stepp CalDRE: 01456379 - Keller Williams - Santa Monica

Description for 945 Locust Avenue Long Beach, CA 90813

945 Locust Avenue is a 16-unit apartment property in Long Beach, California, adjacent to the vibrant East Village Arts District and Downtown. The controlled-access, all-electric, separately-metered building features two (2) 2BD / 2 BA units and fourteen (14) 2BD / 1 BA units. Seven (7) of the units are fully remodeled with new flooring, kitchens, stainless steel appliances, new bathrooms and modern fixtures and finishes. Double-pane windows are installed throughout the building for additional energy efficiency. An onsite laundry / storage room can provide extra income, and the eight (8) garages offer the opportunity for ADU conversion for additional rental income. 945 Locust Avenue is priced at 11.73 GRM and 5.39% cap rate at current rents.

Property Details

PW23149053
Mixed Use, 3+ Story
Los Angeles
1964
0.1727 Acres
Public
3
Public Sewer
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Listing Agent: Robert Stepp CalDRE: 01456379 - Keller Williams - Santa Monica
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Gary & Colleen Wolfson

Dean Stalter, Broker CalBRE# 00625377 -

23925 Park Sorrento, Calabasas, CA 91302 | Phone: (818) 597-4513 | Email: colleenwolfson@bhhscal.com

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