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1775 Locust Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Classic Estates
1775 Locust Avenue,Long Beach, CA 90813
$1,960,000
  • 19 Beds
  • 9 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: jonathan swire
Office: the agency
MLS#:25543763
Source:CRMLS

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Price summary

  • Price:$1,960,000

About this home

PRICE REDUCED $30K - and PRICED TO SELL. Currently under a 9 GRM and 7.1% CAP with upside to under an 8 GRM and 8.4% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs - rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU's - Buyer to verify. Qualified Buyers can put down as little as 25% on a new loan. Earn over 10% cash on cash against in place rents, and over 15% cash on cash at market. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

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Home facts

  • Year built:1962
  • Listing ID #:25543763
  • Added:291 day(s) ago
  • Updated:March 07, 2026 at 07:24 AM

Rooms and interior

  • Bedrooms:19
  • Total bathrooms:9

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1962
  • Levels:2 Story

Finances and disclosures

  • Price:$1,960,000

Parking

  • Total parking spaces:4
  • Parking description:Assigned
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