1640 Locust
Long Beach, CA 90813
0
Bed
0
Bath
6,295Sqft
7,423Sqft(Lot)
Attractive multifamily investment opportunity featuring a well-maintained asset with a stable base of long-term tenants and a favorable unit mix. The property is strategically located near downtown Long Beach, offering immediate access to the 710 Freeway, public transportation, and is approximately 1.3 miles from the coastline. The ownership has completed multiple capital improvements, including a partially replaced roof (approximately two years old), copper plumbing, updated electrical systems, and new water heaters. Select units at 1642 Locust (Units B, C, and D) have gas and electricity expenses paid by the owner. The property currently produces approximately $167,000 in annual gross income with clear upside potential. Rents have not been increased within the past year, allowing a
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Fireplace: None -
Heating Source
Natural Gas Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1924 Building Area Total: 6,295 -
Pool Features
NoneLaundry Features
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1704 -
Lot Size Source: Assessor Lot Size Square Feet: 7423
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Listing Price Information
Original List Price: 1,895,000 Listing Contract Date: 2026-01-23 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 7269018015
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Garage and Parking
Garage Description: NoneHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Active Source Neighborhood: 7 - North Long Beach Directions: no Source Property Type: Residential Income Area: 7 - North Long Beach Property SubType: Apartment -
Building and Construction
Property Age: 102 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Living room Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
At $301.03 per sq.ft.,this listing is priced below average compared to other homes from Long Beach.
The average homes price in Long Beach is $370202.62 with avg. price / sq.ft of $2102.04.
The average homes price in Los Angeles County is $373818.81 with avg. price / sq.ft of $2100.74.
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1036 Cherry Avenue, Long Beach, CA, 90813 | $2,360,000 | 10 | -- | 4,722 | 4,722 SqFt |
| 1741 Gaviota Avenue, Long Beach, CA, 90813 | $850,000 | 3 | 2 | 1,674 | 1,674 SqFt |
| 1731 Gaviota Avenue, Long Beach, CA, 90813 | $1,200,000 | -- | -- | 2,094 | 2,094 SqFt |
| 1735 E 10th Street, Long Beach, CA, 90813 | $3,047,700 | 22 | -- | 10,253 | 10,253 SqFt |
| 1515 E Walnut Way, Long Beach, CA, 90813 | $620,000 | 2 | 1 | 946 | 946 SqFt |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,928 SqFt |
| 1419 E 15th, Long Beach, CA, 90813 | $1,049,000 | -- | -- | 2,292 | 2,292 SqFt |
| 1724 E 8th, Long Beach, CA, 90813 | $625,000 | 2 | 1 | 676 | 676 SqFt |
| 1100 Walnut #4, Long Beach, CA, 90813 | $439,900 | 2 | 2 | 850 | 850 SqFt |
| 1390 Gundry Avenue, Long Beach, CA, 90813 | $550,000 | 1 | 1 | 654 | 654 SqFt |
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ByOwner last updated this listing 04/07/2026 @ 00:57
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