1914 Locust

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1914 Locust

Long Beach, CA 90806
Asking Price
$899K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Long Beach
  • Total building inventory consists of three distinct residential units
  • Property is situated at the 1914 Locust street address
  • Offered for acquisition at an asking price of $899,000
  • Located within the 90806 zip code of Southern California

What's Special

Long Beach continues to serve as a vital economic hub within the Greater Los Angeles region, supported by a dense population and consistent demand for residential housing. This three-unit apartment building located at 1914 Locust sits within a neighborhood characterized by its proximity to major transit corridors and local commerce. The property represents a manageable multifamily asset for investors seeking to establish or expand their presence in this coastal Southern California market. Given its unit count and scale, the building is well-suited for a variety of investment strategies, ranging from long-term hold portfolios to those focusing on gradual value-add improvements. Residents in this area benefit from access to essential services and the broader connectivity that Long Beach provides to the regional workforce and coastal attractions. This offering provides a practical entry point into the local housing sector, aligning with current market dynamics in a sought-after urban environment.

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NOI
$80,000
Cap Rate
8.90%
DSCR
1.50
Strong
Cash-on-Cash
9.87%
Monthly Payment
$4,447.761
Annual Cash Flow
$26,626.862

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