1775 Locust Avenue, Long Beach, CA 90813
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group



1775 Locust Avenue,Long Beach, CA 90813
$2,149,000
- 19 Beds
- 9 Baths
- 7,176 sq. ft.
- Multi-family
- Active
Listed by:jonathan swire
Office:the agency
MLS#:25543763
Source:CRMLS
Price summary
- Price:$2,149,000
- Price per sq. ft.:$299.47
About this home
PRICE REDUCED $50K. Currently a 9.4 GRM and 6.8% CAP with upside to a 8.4 GRM and 8.0% 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. 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:79 day(s) ago
- Updated:August 13, 2025 at 01:21 PM
Rooms and interior
- Bedrooms:19
- Total bathrooms:9
- Living area:7,176 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1962
- Building area:7,176 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$2,149,000
- Price per sq. ft.:$299.47
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