Movoto Real Estate
Sold on 05/02/2025
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1013 Locust Ave, Long Beach, CA 90813

$1,630,000

Last sold 05/02/2025 after 337 Days

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    bed

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    bath

Multi-family not for sale

About 1013 Locust Ave

Property type Multi-family
Neighborhood
Year built 1905
HOA fee $0/month
Lot size 7,526 Sqft
Parking 1 garage spaces
Rental estimate
Property description
This is the high cash flow turn key multi-family you have been looking for! Every one of these units have been beautifully remodeled and all have their own private laundry! The rear building has had extensive updates and consist of 4 units offering refinished hardwood floors in some units while others have new water resistant laminate. Other upgrade includes new bathrooms, upgraded plumbing, lovely updated vintage kitchens loads of storage, mud rooms with rear exits and each with their own private laundry hook ups, new light fixtures, stainless appliances installed and much more! All located on a huge lot with large common area for tenants. The front duplex is stunning with a huge owner's unit that is absolutely incredible!! Offering soaring coved ceilings, stunning formal dining room with grand bay window and original huge with pocket doors! The gigantic formal living/family room has to bee seen with faux fireplace with all original built in book shelves. There is even a grand formal entry, gorgeous kitchen that is stunning to say the least with solid surface counter tops, amazing light fixtures offering many new upgrades but some original built-in cabinets remain. There are 2 bedrooms one leading out to a really cool private side patio exclusive to the unit and the other bedroom is on the second floor with an enormous walk in closet with access to an huge attic space and 1.5 baths total! The main floor bathroom is enormous and has been fully remodeled. The duplex has a new roof installed and the rear 4 unit has had white coating with a 5 year warranty for added heat prevention. There is a 1 stall detached garage currently used as storage that has the preliminary approval for an ADU conversion, and the finished plans will be provided to the Buyer! Also, the very unique PD-30 zoning on this particular property could allow you to possibly add MANY more units in the future! (Buyer to verify independently) Truly the possibilities are endless or keep it as it is making great cash flow! All units are separately metered for gas and electric. (All photos were taken after remodel and before tenants moved in, condition may vary)
Listed by
Listing Agent - Shawn Mohler
Listing Agent Contact: 562-505-7953
Listing Office - The Mohler Real Estate Group
Source: CRMLS mls logo
MLS#PW24110123 • last updated 1 year ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1728
Lot Size (SqFt) 7526
Year Built 1905
Condition Turnkey, Updated/Remodeled
Interior
Exterior
Building Area Square Feet, 4693
Parking None
# Uncovered Spaces 2
# Parking Spaces 3
# Garage Spaces 1
Lot Description 6-10 Units/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Sidewalks, Storm Drains, Street Lights
Subdivision Downtown (DT), Downtown (DT)
Zoning LBR4N
Directions West Of Long Beach Blvd.
APN 7273006016
Multifamily Details
Expense: Trash 500
Operating Expense 5000
Expense: Insurance 2000
Total Expenses 5000
Expense: Water/ Sewer 200
Gross Income 15440
Expense: Electric 200
Gross Scheduled Income 156300
Rental est.: $1,319/month
Gross rent multiplier: 103.0
  • May 2025
    mls logo MLS # PW24110123
  • May 4, 2025 Sold
    $1,630,000
  • Feb 22, 2025 Active
    —
  • Jan 22, 2025 Price Change
    $1,675,000 (-0.8%)
  • Jan 11, 2025 Price Change
    $1,689,000 (-0.6%)
  • Nov 28, 2024 Listed
    $1,699,000 (-0.6%)
  • Aug 11, 2024 Price Change
    $1,709,000 (-0.6%)
  • Jul 3, 2024 Listed
    —
  • Jun 18, 2024 Active
    —
  • May 30, 2024 Listed
    $1,719,000
  • Apr 2025
    Public Records
  • Apr 28, 2025 Sold
    $1,630,000 (-2.7%)
  • May 2024
    mls logo MLS # PW23121157
  • May 22, 2024 Listed
    $1,719,000 (-0.3%)
  • Mar 7, 2024 Price Change
    $1,725,000 (-4.1%)
  • Feb 29, 2024 Price Change
    $1,799,000 (-1.4%)
  • Feb 22, 2024 Price Change
    $1,825,000 (-1.9%)
  • Jan 3, 2024 Price Change
    $1,860,000 (-0.3%)
  • Oct 13, 2023 Price Change
    $1,865,000 (-0.5%)
  • Sep 9, 2023 Price Change
    $1,875,000 (-1.3%)
  • Aug 11, 2023 Price Change
    $1,899,000 (-1.4%)
  • Jul 6, 2023 Listed
    $1,925,000 (+32.8%)
  • Jul 2022
    mls logo MLS # PW22085143
  • Jul 18, 2022 Sold
    $1,450,000
  • Jun 29, 2022 Pending
    —
  • Jun 20, 2022 Active
    —
  • May 24, 2022 Price Change
    $1,595,000 (-3.3%)
  • Apr 20, 2022 Listed
    $1,649,000
  • Jul 2022
    Public Records
  • Jul 18, 2022 Sold
    $1,450,000 (-9.1%)
  • Year Property taxes Tax assessment
  • 2024
    $19,592 +1.7%
    $1,479,770 +2.0%
  • 2023
    $19,259 +21.1%
    $1,450,770 +17.45%
  • 2022
    $15,908 +9.9%
    $1,235,233 +10.07%
  • 2021
    $14,469 +197.8%
    $1,122,269 +258.19%
  • 2020
    $4,858 +5.2%
    $313,320 +4.03%
  • 2018
    $4,617
    $301,185
  • 1013 Locust Ave
    $1.63M
  • Saint Mary
    $552K +25% y/y
  • 90813
    $579K +11% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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