tomo logo

$1,325,000

Beds
Unknown
sq ft
Unknown

2161 Locust Ave, Long Beach, CA 90806

2161 Locust Ave

Long Beach, CA 90806

  • 60 days on market
6.16 Cap Rate! With Still An Opportunity To Grow. Add This High Performing Multi Family Property To Your Investment Portfolio. With (3) 1 Bedroom 1 Bath, (1) 2 Bedroom 1 Bath and (1) 2 Bedroom 2 Bath Units. Along With 4 Single Garages With Alley Access. Makes It Convenient For Tenants To Come And Go. Coin Operated Laundry. Many Upgrades Have Been Done To The Property With A Newer Roof, Upgraded Electrical Panel And Upgrades Inside The Units. The Property Also Has A Long Driveway For Additional Parking. Centrally Located To Metro Blue Line, 710 Freeway, Shopping, Restaurants And Much More. You're Not Going To Want To Miss Out On This Golden Opportunity.

Details

Property type

Mixed Use

Est. home value

$1,431,687

Lot size

6,263 sq ft

Price per sq ft

Unknown

Year built

1920

Price History

10/23/2024
CRMLS

CRMLS #PW24218479

Listed
$1,325,000
+7.29%
06/02/2024
CRMLS

CRMLS #PW24043536

Removed
$1,235,000
03/03/2024
CRMLS

CRMLS #PW24043536

Listed
$1,235,000
-0.4%

Schools & Community

Neighborhood: 

Wrigley

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The James A Meyer And Jayme Lynn Mekis M

Loan start date

March 2021

Original loan amount

$1,024,000

Est. remaining balance

Not provided

Interest rate

2.73%

Loan type

Commercial

Seller

Luis Romero

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 3:20 AM

Listing updated: 12/04/2024 at 6:30 PM

Listed by: Jorge Mora, Keller Williams Pacific Estate Phone #: (562) 513-7800

MLS: CRMLS #PW24218479

CRMLS logo

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