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$1,895,000

  • For Sale
  • Active
  • Multi-Family
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Attractive multifamily investment opportunity featuring a well-maintained asset with a stable base of long-term tenants and a favorable unit mix. The property is strategically located near downtown Long Beach, offering immediate access to the 710 Freeway, public transportation, and is approximately 1.3 miles from the coastline. The ownership has completed multiple capital improvements, including a partially replaced roof (approximately two years old), copper plumbing, updated electrical systems, and new water heaters. Select units at 1642 Locust (Units B, C, and D) have gas and electricity expenses paid by the owner. The property currently produces approximately $167,000 in annual gross income with clear upside potential. Rents have not been increased within the past year, allowing a new owner to implement a rent increase of up to 8.9%, in accordance with current Long Beach rent control regulations. The property is offered as-is. Buyers and buyers' agents are responsible for conducting their own due diligence regarding physical condition, financials, and legal compliance. Seller intends to complete a 1031 exchange at no cost to the buyer.

Full Property Details for 1640 Locust

General

  • Price: $1,895,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: DW26017371
  • Updated: 1/24/2026
  • Days on Market: 14 days
  • Added to Site: 15 day(s) ago

Interior

  • Fireplace(s): None

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Parking Features: None
  • Parking: None

Location

  • Area: 7 - North Long Beach
  • County: Los Angeles
  • Development Name: 7 - North Long Beach

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 7
  • # Electric Meters: 7

Structural Information

  • Entry Location: Living room
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 6,295
  • Year Built: 1924

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 4

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 4

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 5

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 4

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1704
  • Lot Size (Sq. Ft.): 7,423
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $301.03
  • Price Per Unit: 270714

Listed by Excellence Premier Real Estate, Hernan Hernandez

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Listing agent

— 1640 Locust —

  • Hernan Hernandez

    Excellence Premier Real Estate

562-228-8811

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1640 Locust

School District:Long Beach Unified School District
NameGradesDistance
Roosevelt Elementary School, Long Beach, CA
1574 Linden Avenue, Long Beach, CA 90813
K-50.3 mi
Washington Middle School, Long Beach, CA
1450 Cedar Avenue, Long Beach, CA 90813
6-80.3 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1640 Locust Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/24/2026
Listed
$1,895,000
264.42%
MLS
6/18/2004
Sold
$520,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1640 Locust

Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,312
6%
$1,706,135
4%
2023
$21,908
6%
$1,639,885
2%
2022
$20,577
7%
$1,607,732
7%
2021
$19,240
-1%
$1,500,000
—
2020
$19,373
6%
$1,500,000
7%
2019
$18,293
4%
$1,400,000
—
2018
$17,539
25%
$1,400,000
27%
2017
$14,037
16%
$1,100,000
10%
2016
$12,100
14%
$1,000,000
11%
2015
$10,659
14%
$900,000
17%
2014
$9,340
3%
$770,000
—
2013
$9,095
—
$770,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Excellence Premier Real Estate, Hernan Hernandez

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1640 Locust, Long Beach, CA 90813 (MLS# DW26017371) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 1640 Locust is currently listed for $1,895,000 and was received on January 24, 2026. Want to learn more about 1640 Locust? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

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