1640 Locust, Long Beach, CA 90813
Local realty services provided by:CENTURY 21 Affiliated
1640 Locust,Long Beach, CA 90813
$1,895,000
- 13 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: hernan hernandez
Office: excellence premier real estate
MLS#:DW26017371
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,895,000
About this home
Attractive multifamily investment opportunity featuring a well-maintained asset with a stable base of long-term tenants and a favorable unit mix. The property is strategically located near downtown Long Beach, offering immediate access to the 710 Freeway, public transportation, and is approximately 1.3 miles from the coastline. The ownership has completed multiple capital improvements, including a partially replaced roof (approximately two years old), copper plumbing, updated electrical systems, and new water heaters. Select units at 1642 Locust (Units B, C, and D) have gas and electricity expenses paid by the owner. The property currently produces approximately $167,000 in annual gross income with clear upside potential. Rents have not been increased within the past year, allowing a new owner to implement a rent increase of up to 8.9%, in accordance with current Long Beach rent control regulations. The property is offered as-is. Buyers and buyers agents are responsible for conducting their own due diligence regarding physical condition, financials, and legal compliance. Seller intends to complete a 1031 exchange at no cost to the buyer....
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Home facts
- Listing ID #:DW26017371
- Added:47 day(s) ago
- Updated:March 13, 2026 at 02:14 PM
Rooms and interior
- Bedrooms:13
- Total bathrooms:4
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$1,895,000
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