$1,060,000
$1,050,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/24/2017
Key Details
Sold Price $1,060,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID IN16765519
Sold Date 02/24/17
HOA Y/N No
Year Built 1909
Property Description
Professionally managed six units in 3 buildings at 909 Locust Ave, one block east of Pine Ave the main strip of downtown Long Beach. The property features a great mix of 2 - 2bd in the front two story building with a long driveway and a separate 1 car garage. In the rear there are two side by side duplexes, one with two 1bd units and the other with two studios. Room to increase rents and add value, and a potential to build up to 5 loft/condos on the site based on preliminary research done with the City of Long Beach. Buyers/Agents to do their own due diligence with regard to the property. Situated one block north of the Temple Loft Development on Locust this property is located in a very strong rental market with low vacancy, strong income, and redevelopment all around.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4N
Interior
Fireplace No
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Total Parking Spaces 1
Private Pool No
Building
Lot Description Front Yard, Landscaped, Near Public Transit
Sewer Public Sewer
Water Public
Others
Tax ID 7273013011
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Julia Ragland • Lincoln Realty and Mortgage
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States