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Image 1 - 1694 Locust Avenue, Long Beach, CA 90813, USA - House for sale
Image 2 - 1694 Locust Avenue, Long Beach, CA 90813, USA - House for sale
Image 3 - 1694 Locust Avenue, Long Beach, CA 90813, USA - House for sale
Image 4 - 1694 Locust Avenue, Long Beach, CA 90813, USA - House for sale
Image 5 - 1694 Locust Avenue, Long Beach, CA 90813, USA - House for sale
Image 6 - 1694 Locust Avenue, Long Beach, CA 90813, USA - House for sale
Image 7 - 1694 Locust Avenue, Long Beach, CA 90813, USA - House for sale
Image 8 - 1694 Locust Avenue, Long Beach, CA 90813, USA - House for sale
Image 9 - 1694 Locust Avenue, Long Beach, CA 90813, USA - House for sale
Home For Sale In Long Beach, California
1694 Locust Avenue, Long Beach, CA 90813, USA

Home For Sale In Long Beach, California

house for sale
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Listed: 03/25/24

1694 Locust Avenue, Long Beach, CA 90813, USA

14 Bed:
8 Bath:
4,432 Sq Ft Living Area:
Save
Price
$ 1,8M

About This House

Introducing 1716 Locust Avenue, an investment opportunity in the heart of Long Beach, California (90813). This cash-flowing gem has been maintained by current ownership since 2015. The subject property comprises Eight units, featuring a well-balanced mix of two 1-bedroom/1-bathroom units and six 2-bedroom/1-bathroom units. If your looking for a strong cash flow on day 1 with a potential 16% more upside, then look no further. This prime investment opportunity not only offers a stable income stream with a gross income of$166, 920and a solid net income of$109, 175annually but also addresses Long Beach's parking challenges. With an on-site parking, this property provides a valuable solution to the city's parking constraints. Don't miss the chance to acquire a premium property in the thriving Long Beach market, poised for both immediate returns and long-term value.

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Willowville Housing & Living

Household Income

Median household income: $61,610
Number of households: 173,432
The average household income in Long Beach, CA grew from $60,557 to $61,610 in the past year. This data is an estimate based upon 173,432 households in Long Beach, CA.
The chart below presents how household income is distributed in Long Beach, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Long Beach, CA compared to median property taxes around the country. The prevalent amount of property taxes in Long Beach, CA equals $3k+ , which is more than the national average.