1716 Locust Avenue

Long Beach, CA 90813

  • 14 Bed(s)
  • 0 Bath(s)
  • 4,432 Sqft
  • 6146
    Sqft(Lot)
$1,725,000

Description

Nestled in the heart of long beach, this eight-unit residential property at 1716 locust avenue presents an attractive investment prospect. strategically positioned just south of pch, with easy access to both long beach blvd and pacific avenue, the property offers convenience and desirability to potential tenants. built in 1963, the building spans 4,432 square feet on a generously sized 6,144 square foot lot. comprising a mix of six 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, this property showcases a diverse range of living spaces to accommodate various tenant needs. with a solid rental history, the property consistently generates $14,823 per month and $177,876 annually in rental income. listed for sale at $1,725,000, the property presents an attractive investment opportunity, boasting nearly a 7% cap rate and a 9.70 gross rent multiplier (grm). with its combination of location, rental income, and investment potential, this property stands as a promising opportunity for investors seeking to expand their real estate portfolio in long beach.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48588328

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Property Details

  • Bedroom Information

    • Total Bedrooms : 14

    Bathroom Information

    • Total Baths: 8
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1963
    • Building Area Total: 4,432

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1411
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6146

  • Listing Price Information

    • Original List Price: 1,725,000
    • Listing Contract Date: 2025-02-10

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 7269019035

  • Garage and Parking

    • Garage Description: Driveway

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Directions: On Locust Ave
    • Zoning: LBPD29
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach

    Building and Construction

    • Property Age: 62
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4432
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/28/2025 @ 11:47

  • MLS: 24468909
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 14 bedrooms which is for sale, it has 4,432 sqft, 6,146 sized lot, and 0 parking. are nearby neighborhoods.