1640 Locust, Long Beach, CA 90813

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
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 estate323-484-0955
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:89 day(s) ago
  • Updated:April 23, 2026 at 01:18 PM

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
  • Levels:2 Story

Utilities

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

Finances and disclosures

  • Price:$1,895,000
  • Price per sq. ft.:$301.03
Based on information from California Regional Multiple Listing Service, Inc. as of April 24, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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