1716 Locust Avenue Long Beach, CA 90813
14 bed / 8 bath / 4,432 Sq. Ft. / 6,146 Sq. Ft., 0.141 acres lot size / Other
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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 details
Type
Other
Status
Active
County
Los Angeles
Year Built
1963
Beds
14
Sq. Ft.
4,432
Lot Size
6,146 Sq. Ft., 0.1 acres
Listing Id
24468909
Courtesy Of
John 'Jack' McCann - Lyon Stahl Investment Real Estate, Inc. +1 310 425 9838
List Office Phone
+1 310 425 9838
Interior Features
Living Area Units
Sq. Ft.
Bathrooms Total
8
Exterior Features
Parking
Driveway
Stories
2
Parking Spaces
4
Utility & Building Info
Parcel Number
7269019035
Cooling
Window/Wall Unit
Heating
Wall Furnace
Building Area Total
4,432 Sq. Ft.
Price Per Sq Ft
$389
Architectural Style
2 Story
 |
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the above MLS system. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Drysdale Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Price History
| date | event | price | source |
|---|---|---|---|
|
05/09/2025
05/09/2025
|
Sold |
$1,650,000
|
CA Regional MLS (CRMLS) |
|
02/10/2025
02/10/2025
|
Active |
$1,725,000
|
CA Regional MLS (CRMLS) |
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Market Trends
Source: Constellation1
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