1775 Locust Avenue
Long Beach, CA 90813 • 19 Bed • 9 Bath • 7,176 sq.ft.

Property summary

PRICED TO SELL. 9.9 GRM and 6.3% CAP with upside to a 7.5% 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.

Days on market: 10

Listing updated: June 06, 2025 - 03:50:06

Property details

Property ID
25543763
Size
7176 sq.ft.
Home Type
Residential Income
Year Built
1962
Property Size
0.1724 acre
Garage
Levels
2
Spa
No
Patio
No
Basement
No
View
No
Pool
No

Listed by: Jonathan Swire DRE #01336277 424-230-3700, The Agency - Beverly Hills/Greater LA

Source: Beverly Hills/Greater LA, MLS#: CLW-X79013 Originating MLS: CRMLS

Interior information

Rooms
Bathrooms
9
Kitchen
N/A
Cooling
None
Heating
Wall Furnace
Flooring
N/A
Laundry
N/A
$2,270,000
Property price
Make an offer
Savings estimator
Revesty savings: $147K
Calculate your
savings
Mortgage estimator
Est.: $9,080/mo
Calculate monthly
payments
Have questions about this property?
Working hours: Monday to Friday 9:00am - 6:00pm (PST)

More Properties

8164 Paradise Valley Court
Spring Valley, CA 91977
$499,999
3 Bed • 2 Bath • 1,280 sq.ft.
View details
35135 Caprock Road
Santa Clarita, CA 91390
$1,399,000
4 Bed • 4 Bath • 4,050 sq.ft.
View details
2284 Wiltshire Court
Fairfield, CA 94533
$598,950
4 Bed • 3 Bath • 2,160 sq.ft.
View details
CRMLS logo

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-06-10 04:27:03 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Get your home valuation estimate

REVESTY estimates are powered by MLS data, the most accurate and reliable source in the industry. Enter your address and get a precise home value estimate from a REVESTY agent.

clock icon

We will contact you within 3 hours.

Thank you for your patience.