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    1722 Locust Avenue

    Long Beach, CA 90813
    • $998,000
    • STATUS: CONTINGENT
    • ON SITE: 37 days
    • ID#: 302977640
    Under Contract
    UPDATED: 48 min ago
    $998,000
    • 2
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Currently, the real estate consists of a classic 1929 Spanish-Style duplex, that has Two (2) 2 Bedroom / 1 Bath Townhouses, and a HUGE expanse of land in the rear that has alley access. With new developments surrounding the property, this complex is in the path of progress, and is just one block to the Light Rail Blue Line, as well as Class A Apartment developments. Recently Re-Zoned (SP1 - Midtown Specific Plan), the site allows for Residential, and/or Commercial Use, with the potential for 15-40 Units. Currently, the real estate consists of a classic 1929 Spanish-Style duplex, that has Two (2) 2 Bedroom / 1 Bath Townhouses, and a HUGE expanse of land in the rear that has alley access. With new developments surrounding the property, this complex is in the path of progress, and is just one block to the Light Rail Blue Line, as well as Class A Apartment developments. Recently Re-Zoned (SP1 - Midtown Specific Plan), the site allows for Residential, and/or Commercial Use, with the potential for 15-40 Units. Currently, the owner has preliminary drawings for a 25 Unit project. Whether you add value by fixing up the Duplex to its original charm, while also creating utilizing the back lot, or building additional units, this site offers tremendous upside!

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.teamsage.com/homes/112470399
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    1722 Locust Avenue Long Beach, CA 90813

    • Price: $998,000
    • Status: CONTINGENT
    • Updated: 48 min ago
    • ID#: 302977640
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    Neighborhood:
    Long Beach (90813)
    County:
    Los Angeles
    Area:
    Long Beach (90813)
    Property Description
    Currently, the real estate consists of a classic 1929 Spanish-Style duplex, that has Two (2) 2 Bedroom / 1 Bath Townhouses, and a HUGE expanse of land in the rear that has alley access. With new developments surrounding the property, this complex is in the path of progress, and is just one block to the Light Rail Blue Line, as well as Class A Apartment developments. Recently Re-Zoned (SP1 - Midtown Specific Plan), the site allows for Residential, and/or Commercial Use, with the potential for 15-40 Units. Currently, the real estate consists of a classic 1929 Spanish-Style duplex, that has Two (2) 2 Bedroom / 1 Bath Townhouses, and a HUGE expanse of land in the rear that has alley access. With new developments surrounding the property, this complex is in the path of progress, and is just one block to the Light Rail Blue Line, as well as Class A Apartment developments. Recently Re-Zoned (SP1 - Midtown Specific Plan), the site allows for Residential, and/or Commercial Use, with the potential for 15-40 Units. Currently, the owner has preliminary drawings for a 25 Unit project. Whether you add value by fixing up the Duplex to its original charm, while also creating utilizing the back lot, or building additional units, this site offers tremendous upside!
    Exterior Features

    Pool N/K Site Sidewalks

    Interior Features

    Total Baths Unit1 1

    Property Features

    Annual Expense Actual 18155 Buildings 1 Gross Scheduled Income Actual 28800 Terms CashExchange Unit Number For Unit1 1 Unit1 Rent Actual 1200.0 Zoning Public Rec

    Listing provided courtesy of Pat Swanson. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Big Block Realty | Team Sage
    2820 Camino del Rio S #31
    San Diego CA, 92108