2073 Locust Avenue, Long Beach, California
2073 Locust Avenue, Long Beach, California 90806 - We are enthusiastic to present 2073 Locust Avenue, a charming classic Spanish eight-unit building, located in the Wrigley area of Long Beach. Situated on a extra wide street with ample parking, the property exudes an old world appeal of days gone by and has been lovingly maintained by the present owners for the past 40+ years. As you approach through the front gate, one will be impressed by the quiet and peaceful garden environment with lush landscape and flowering shrubs. Surrounded by tropical, citrus and papaya trees, a lovely brick courtyard lies between the front and rear building, a perfect place for tenants to enjoy.The front building contains a combination of four two-bedroom units and two one-bedroom units with solid oak floors, some with breakfast nooks, vaulted ceilings and others featuring the original warm mahogany trim. The rear building consists of two one-bedroom units over five garages. There is also a laundry room with leased machines on site which provides additional income averaging $65/month and there is also a separate storeroom for supplies.The building foundation had been earthquake retrofitted in 2004 at significant expense, and the electrical system also has been updated. In addition, to enhance the curb appeal, the exterior trim was painted last year.This is a turn key property with long-term tenants, offering an opportunity for the astute investor to increase the rents for greater cash flow. Interior inspection with accepted offer.
Listing Courtesy of Thomas Winn~Long Beach Invest. Prop.