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Sold on 10/15/2011
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1716 Locust Ave, Long Beach, CA 90813

$707,000

Last sold 10/15/2011 after 43 Days

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    bed

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    bath

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About 1716 Locust Ave

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 6,144 Sqft
Rental estimate
Property description
Separate gas and electric meters - and individual water heaters for low landlord expenses. 8.2 GRM from actual rent roll and built in the 1960's. Two 1-bedroom units and six 2-bedroom units.
Listed by
Listing Agent - Fred Denny
Listing Office - Coldwell Banker Coast Alliance
Source: CRMLS mls logo
MLS#P795494 • last updated 14 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
Status Closed
Lot Size (Acres) 0.141
Lot Size (SqFt) 6144
Tax Area 11934
Year Built 1963
Exterior
Construction Stucco
Building Area 4432
# Parking Spaces 4
Location
County Los Angeles
Directions North Of Anaheim, South Of PCH
APN 7269019035
Multifamily Details
Tenant Pays Gas
Vacancy Allowance Rate 5
Vacancy Allowance 4300
Operating Expense 25000
Cap Rate 8.06
Gross Income 7192
Gross Multiplier 8.19
Gross Scheduled Income 86304
Rental est.: $1,319/month
Gross rent multiplier: 44.7
  • May 2025
    Public Records
  • May 12, 2025 Sold
    $1,650,000
  • May 2025
    mls logo MLS # 24-468909
  • May 9, 2025 Sold
    $1,650,000 (-4.3%)
  • Feb 10, 2025 Listed
    $1,725,000 (-4.2%)
  • Mar 2024
    mls logo MLS # 24-371337
  • Mar 21, 2024 Listed
    $1,800,000 (+95.7%)
  • May 2015
    Public Records
  • May 18, 2015 Sold
    $920,000
  • May 2015
    mls logo MLS # 15821239
  • May 16, 2015 Sold
    $920,000
  • May 15, 2015 Sold
    $920,000 (-1.6%)
  • Jan 13, 2015 Listed
    $935,000
  • Jan 13, 2015 Listed
    $935,000 (+18.4%)
  • Jan 2013
    mls logo MLS # S424831
  • Jan 5, 2013 Sold
    $790,000 (+11.7%)
  • Jan 25, 2006 Listed
    $865,000
  • May 2012
    mls logo MLS # P795494
  • May 28, 2012 Sold
    $707,000 (+7.9%)
  • Sep 2, 2011 Listed
    $707,000 (-10.5%)
  • Oct 2011
    Public Records
  • Oct 24, 2011 Sold
    $655,000 (-7.4%)
  • Apr 2006
    Public Records
  • Apr 13, 2006 Sold
    $790,000 (-8.7%)
  • Year Property taxes Tax assessment
  • 2024
    $14,936 +1.8%
    $1,085,194
  • 2023
    $14,672 +6.4%
    $1,085,194 +2.0%
  • 2022
    $13,789 +2.2%
    $1,063,939 +4.04%
  • 2021
    $13,490 +0.3%
    $1,022,673
  • 2020
    $13,455
    $1,022,673
  • 1716 Locust Ave
    $707K
  • Washington School
    $685K +48% y/y
  • 90813
    $570K +9% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
Roosevelt Elementary School
public Grades K-5
Long Beach Unified School District
4/10
Washington Middle School
public Grades 6-8
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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