1775 Locust Avenue, Long Beach 90813

$1,960,000

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5

Beds

2

Baths

7,176

Square feet

7,509

Lot Size

9

# Of Units

About 1775 Locust Avenue

PRICE REDUCED $30K - and PRICED TO SELL. Currently under a 9 GRM and 7.1% CAP with upside to under an 8 GRM and 8.4% 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 10% cash on cash against in place rents, and over 15% cash on cash at market. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Features of 1775 Locust Avenue

MLS® # 25543763
Price $2,019,000
Sold Price $1,960,000
Bedrooms 5
Bathrooms 2.00
Square Footage 7,176
Lot Sqft 7,509
Acres 0.17
Year Built 1962
Type Residential Income
Status Closed
# Of Units 9

Community Information

Address 1775 Locust Avenue
Area 4 - Downtown Area, Alamitos Beach
City Long Beach
County Los Angeles
Zip Code 90813

Amenities

Parking Spaces 4
Parking Assigned
Garages Assigned
Is Waterfront No
Has Pool No

Interior

Heating Wall Furnace
Cooling None
Has Basement No
Fireplace No
# of Stories 2
Stories Two

Additional Information

Date Listed May 27th, 2025
Date Sold December 17th, 2025
Days on Market 169
Zoning LBR4R
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJonathan Swire
OfficeThe Agency

Listing Map

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