CA > Long Beach
Long Beach, CA 90813,1716 Locust Ave
Long Beach, CA 90813,1716 Locust Ave
Long Beach, CA 90813,1716 Locust Ave
9
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$1,725,000
Est. payment /mo
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14 BD
8 BA
4,432 SqFt
Active

1716 Locust Ave Long Beach, CA 90813

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Herman Singh

Herman Singh

+1(718) 679-7822

UPDATED:

02/18/2025 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,432 sqft

Price per Sqft $389

MLS Listing ID 24-468909

Bedrooms 14

Year Built 1963

Lot Size 6,146 Sqft

Acres 0.1411

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Downtown Area, Alamitos Beach

Zoning LBPD29

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment None

Exterior

Parking Features Driveway

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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Herman Singh

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+1(718) 679-7822

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1716 Locust Ave