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Sold on 11/12/2025

1775 Locust Ave, Long Beach, CA 90813

  • $1,960,000

    Last sold 11/12/2025 after 168 Days

  • 19

    bed

  • 9

    bath

  • 7,176

    Sqft ($273/Sqft)

Multi-family not for sale
Movoto is helping 68 homebuyers near you

About 1775 Locust Ave

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Lot size 7,509 Sqft
Property description
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.
Listed by
Listing Agent - Jonathan Swire
Listing Office - The Agency
Source: The MLS mls logo
MLS#25543763 • last updated 7 months ago
Movoto checked The MLS for data 13 minutes ago
Overview
Levels/Style Two
MLS # 25543763
Type Residential Income
Status Sold
SqFt 7176
Lot Size (SqFt) 7509
Lot Size (Acres) 0.1724
Year Built 1962
Interior
Total # of Baths 9
Total # of Bedrooms 19
Exterior
# Parking Spaces 4
Parking Desc Assigned
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning LBR4R
APN 7269-010-037
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 1895
Unit 1: # Beds 2
Unit 1: Rent 1895
Unit 2: Rent 2295
Unit 2: Furnished No
Unit 2: Projected Rent 2295
Unit 2: # Beds 3
Unit 2: # Baths 1
Unit 1: # Baths 1
Unit 2: Actual Rent 2295
Unit Type 2106, 2107
Unit 1: Actual Rent 1895
Total # Of Buildings 1
Net Operating Income 144000
Cap Rate 7.2
Vacancy Rate 0%
Gross Income 229000
Gross Operating Income 224000
Gross Rent Multiplier 9
Total Annual Expenses 77000
  • Dec 2025
    Public Records
  • Dec 17, 2025 Sold
    $1,960,000
  • Dec 2025
    mls logo MLS # 25543763
  • Dec 17, 2025 Sold
    $1,960,000 (-2.9%)
  • Nov 12, 2025 Pending
    —
  • Nov 6, 2025 Price Change
    $2,019,000 (-1.0%)
  • Nov 6, 2025 Price Change
    $2,039,000 (-0.5%)
  • Oct 23, 2025 Price Change
    $2,049,000 (-1.3%)
  • Sep 29, 2025 Price Change
    $2,075,000 (-2.1%)
  • Sep 16, 2025 Price Change
    $2,120,000 (-1.1%)
  • Sep 15, 2025 Price Change
    $2,144,000
  • Sep 3, 2025 Price Change
    $2,145,000 (-0.2%)
  • Jul 10, 2025 Price Change
    $2,149,000 (-2.3%)
  • Jun 17, 2025 Price Change
    $2,200,000 (-3.1%)
  • Jun 6, 2025 Price Change
    $2,270,000 (-0.2%)
  • May 27, 2025 Listed
    $2,275,000 (+23.0%)
  • May 2018
    Public Records
  • May 7, 2018 Sold
    $1,850,000 (+44.9%)
  • May 2015
    Public Records
  • May 1, 2015 Sold
    $1,277,000
  • May 2015
    mls logo MLS # SB15043785
  • May 1, 2015 Sold
    $1,277,000 (-1.4%)
  • Mar 1, 2015 Listed
    $1,295,000 (+38.8%)
  • Sep 2011
    Public Records
  • Sep 8, 2011 Sold
    $933,000 (+22.7%)
  • Apr 2004
    Public Records
  • Apr 21, 2004 Sold
    $760,500
  • 1775 Locust Ave
    $1.96M
  • Washington School
    $697K +85% y/y
  • 90813
    $560K +12% y/y
  • Long Beach
    $699K -3% 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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