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1640 Locust, Long Beach, CA 90813

Local realty services provided by:CENTURY 21 Jordan-Link
1640 Locust,Long Beach, CA 90813
$1,895,000
  • - Beds
  • - Baths
  • 6,295 sq. ft.
  • Multi-family
  • Active
Listed by: hernan hernandez
Office: excellence premier real estate
MLS#:DW26017371
Source:CRMLS

Price summary

  • Price:$1,895,000
  • Price per sq. ft.:$301.03

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

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Home facts

  • Year built:1924
  • Listing ID #:DW26017371
  • Added:1 day(s) ago
  • Updated:January 25, 2026 at 11:31 AM

Rooms and interior

  • Living area:6,295 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1924
  • Building area:6,295 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,895,000
  • Price per sq. ft.:$301.03
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