1775 Locust Avenue, Long Beach, CA 90813

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1775 Locust Avenue,Long Beach, CA 90813
$2,075,000
  • 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:$2,075,000
  • Price per sq. ft.:$289.16

About this home

PRICE REDUCED - and PRICED TO SELL. Currently a 9.1 GRM and 7.0% CAP with upside to a 8.2 GRM and 8.3% 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 9% cash on cash against in place rents, and over 14% 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:125 day(s) ago
  • Updated:September 29, 2025 at 04:25 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:$2,075,000
  • Price per sq. ft.:$289.16
Based on information from California Regional Multiple Listing Service, Inc. as of September 30, 2025 . 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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