1716 Locust Avenue Long Beach, CA ^$ 1,800,000

1716 Locust Avenue

^$ 1,800,000

Back to search

1716 Locust Avenue

Long Beach, CA, 90813

^$ 1,800,000

Bedrooms14 Baths8.0 Sq 4,432

Monthly Estimate*

^$ 12,574

Listed by Lyon Stahl Investment Real Estate, Inc.

1716 Locust Avenue, Long Beach, CA 90813 - Image 1

1716 Locust Avenue, Long Beach, CA 90813 - Image 2

1716 Locust Avenue, Long Beach, CA 90813 - Image 3

1716 Locust Avenue, Long Beach, CA 90813 - Image 4

1716 Locust Avenue, Long Beach, CA 90813 - Image 5

1716 Locust Avenue, Long Beach, CA 90813 - Image 6

1716 Locust Avenue, Long Beach, CA 90813 - Image 7

1716 Locust Avenue, Long Beach, CA 90813 - Image 8

1716 Locust Avenue, Long Beach, CA 90813 - Image 9

1716 Locust Avenue, Long Beach, CA 90813 - Image 10

1716 Locust Avenue, Long Beach, CA 90813 - Image 11

1716 Locust Avenue, Long Beach, CA 90813 - Image 12

Multi-Family Home for sale in Long Beach, CA

for $1,800,000 with 14 bedrooms and 8 full baths. This 4,432 square foot home was built in 1963 on a lot size of 0.1411.

Introducing 1716 Locust Avenue, an investment opportunity in the heart of Long Beach, California (90813). This cash-flowing gem has been maintained by current ownership since 2015. The subject property comprises Eight units, featuring a well-balanced mix of two 1-bedroom/1-bathroom units and six 2-bedroom/1-bathroom units. If your looking for a strong cash flow on day 1 with a potential 16% more upside, then look no further. This prime investment opportunity not only offers a stable income stream with a gross income of $166,920 and a solid net income of $109,175 annually but also addresses Long Beach's parking challenges. With an on-site parking, this property provides a valuable solution to the city's parking constraints. Don't miss the chance to acquire a premium property in the thriving Long Beach market, poised for both immediate returns and long-term value.

Multi-Family Active

Price

^$ 1,800,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1411

Year Built

1963

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

24371337

Days on Market

Features

General

Heating WallFurnace

Cooling None

Possession CloseOfEscrow

Zoning LBPD29

Year Built 1963

Stories 2

Levels Two

Gross Income 166920.0

County Los Angeles

Net Operating Income 109175.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Buyer Financing Conventional

Directions From 710 Freeway Exit PCH - East Turn right onto Locust Ave. Property will be on your left side in between 16th street and PCH.

City Long Beach

View Y/N N

Senior Community Y/N N

Total Units 8

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 6146.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Locust

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Cap Rate 6.07

Exterior

Parking Features Private

Total Parking 6.0

Lot Size Area 6146.0

Number of Buildings 1

Spa N

Building Area Total 4432.0

Lot Size Acres 0.1411

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Total Bedrooms 14

Electric On Property Y/N N

Total Baths 8

Internal Only

Street Number 1 1716

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 382-1063

Phone

Affordability Calculator

$12,574

Per Month

Monthly Principal & Interest: $12,574
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,095,040

Percent of Sale Price 16%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/21/2024	$1,800,000		Listed Price

Map

More homes like this one

homes for you

See all

1716 Locust Avenue, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,800,000 with 4,432 sqft and a lot size of 0.1411. 1716 Locust Avenue has 14 bedrooms, 8.0 baths, and was built in 1963. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. 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.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1716 Locust Avenue

Multi-Family Home for sale in Long Beach, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home