945 Locust Avenue is a 16-unit apartment property in Long Beach, California, adjacent to the vibrant East Village Arts District and Downtown. The controlled-access, all-electric, separately-metered building features two (2) 2BD / 2 BA units and fourteen (14) 2BD / 1 BA units. Seven (7) of the units are fully remodeled with new flooring, kitchens, stainless steel appliances, new bathrooms and modern fixtures and finishes. Double-pane windows are installed throughout the building for additional energy efficiency. An onsite laundry / storage room can provide extra income, and the eight (8) garages offer the opportunity for ADU conversion for additional rental income. 945 Locust Avenue is priced at 11.73 GRM and 5.39% cap rate at current rents.
Sold for $3,900,000
Zillow last checked:
Listing updated:
Bought with:
Robert Stepp, DRE #01456379
Keller Williams - Santa Monica
Source: CRMLS,MLS#: PW23149053
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 11/14/2023 | Sold | $3,900,000+4%$299/sqft |
Source:  CRMLS #PW23149053 Report a problem | ||
| 2/9/2020 | Listing removed | $1,795 |
Source: Entourage Property Management Report a problem | ||
| 2/6/2020 | Listed for rent | $1,795+12.5% |
Source: Entourage Property Management Report a problem | ||
| 4/27/2019 | Listing removed | $1,595 |
Source: Entourage Property Management Report a problem | ||
| 4/12/2019 | Listed for rent | $1,595-11.1% |
Source: Entourage Property Management Report a problem | ||
| 1/23/2018 | Listing removed | $1,795 |
Source: Entourage Property Management Report a problem | ||
| 10/25/2017 | Listed for rent | $1,795 |
Source: Zillow Rental Manager Report a problem | ||
| 5/30/2017 | Listing removed | $3,750,000$287/sqft |
Source: Keller Williams Pacific Estate #PW17067228 Report a problem | ||
| 5/9/2017 | Pending sale | $3,750,000$287/sqft |
Source: Keller Williams Pacific Estate #PW17067228 Report a problem | ||
| 4/4/2017 | Listed for sale | $3,750,000$287/sqft |
Source: Keller Williams Pacific Estate #PW17067228 Report a problem | ||
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Estimated market value
$4,157,300
