1564 Locust Long Beach, CA $ 1,125,000
1564 Locust
$ 1,125,000
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1564 Locust

Long Beach, CA, 90813
$ 1,125,000
Baths1.0 Sq 3,458

Monthly Estimate*

$ 6,927

Listed by Circle Real Estate
1564 Locust, Long Beach, CA 90813 - Image 1
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1564 Locust, Long Beach, CA 90813 - Image 9
1564 Locust, Long Beach, CA 90813 - Image 10
Studio

Multi-Family Home for sale in Long Beach, CA

for $1,125,000 with 1 full bath. This 3,458 square foot home was built in 1963 on a lot size of 0.0691.

This well-maintained 4-unit income property presents a strong opportunity for investors seeking stable, long-term rental income. The building features four units with functional layouts that provide comfortable living spaces and consistent tenant appeal. The property is currently occupied by some long-term tenants and tenants within the last three years, offering immediate and reliable income with a proven rental history. Their extended tenancy reflects the overall desirability and stability of the property. Public Street parking for the property is available on the street directly in front of the building, providing convenient access for residents and guests. Located in a high-demand rental area of Long Beach, the property is close to schools, shopping, public transportation, and major freeways, making it attractive to a wide range of tenants. Overall, this is a solid multi-unit investment with dependable income, minimal turnover, and strong long-term upside in a desirable market.

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Multi-Family Active

Price

$ 1,125,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0691

Year Built

1963

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26065029

Days on Market

12

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Cable Available Electricity Not Available Phone Available Sewer Available Water Available
Possession Close Of Escrow
Roof Flat
HOA Fee 0
Garage Spaces 0
Architectural Style Contemporary
Pool Features None
Construction Materials Copper Plumbing
Year Built 1963
Electric Standard
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 91200
Community Features Biking Curbs Gutter(s) Sidewalks
County Los Angeles
Net Operating Income 75314.28
Operating Expense 11325
Insurance Expense 1200
New Construction false
Property Type Residential Income
HOA false
Contingency NONE
Subdivision Name Poly High (PH)
Facing Direction West
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions North of Anahiem West of Long Beach Blvd East of Pacific Ave South of PCH
City Long Beach
Entry Location Front
Senior Community Y/N false
Number Of Units Total 4
MLS Area 9 - Poly High
Lot Size Units Square Feet
Lot Size Square Feet 3011
Number of Units Leased 2
Listing Terms Conventional
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 2592
Current Financing None
Fuel Expense 655.68
Trash Expense 200
Water Sewer Expense 1514.7
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 10
Total Actual Rent 7600
Property Sub Type Additional Quadruplex
Cap Rate 6.68
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Interior
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features None
Entry Level 2
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Exterior
Fencing Wrought Iron
Parking Features None
Lot Features Walkstreet
Water Source Public
Total Parking 0
Lot Size Area 3011
Number of Buildings 1
Spa false
Building Area Total 3458
Lot Size Acres 0.0691
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type City Street
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* Excluded Features
List By
Circle Real Estate

Broker

javier@alvarezreg.com

Email

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$6,927
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Monthly Principal & Interest
$6,927
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Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2026$1,125,000 Listed Price

Map


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1564 Locust, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,125,000 with 3,458 sqft and a lot size of 0.0691. 1564 Locust is a studio with 1.0 baths and was built in 1963. The property's zip code is 90813 which is in Long Beach, CA