UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID SB25149560
HOA Y/N No
Year Built 1937
Lot Size 4,748 Sqft
Property Sub-Type Quadruplex
Property Description
doors, staircase rebuild, and one fully renovated unit in 2025. Additional improvements in prior years include new windows, plumbing updates, tankless water heaters, new fencing, and full or partial renovations of three other units, minimizing future capex needs for a new owner. 2015 Locust Avenue is an ideal opportunity for an investor to acquire a turnkey asset with strong in-place income of $104,820 per year and clear value-add potential. The vacant one-bedroom unit offers immediate lease-up upside, while below-market rents in the occupied units present a path for long-term growth. An on-site laundry room—currently not in use—offers a simple way to add tenant convenience and generate additional monthly income. This is a well-located, income-producing asset poised to perform in one of Long Beach's most accessible submarkets.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR3T
Interior
Fireplace No
Laundry See Remarks
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7209018030
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
