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$1,960,000

  • Sold
  • Closed
  • Multi-Family
  • 19 Total Beds
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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.

Full Property Details for 1775 Locust Ave

General

  • Sold For: $1,960,000
  • Status: Closed
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25543763
  • Added to Site: 234 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 9

Bedrooms

  • Total Bedrooms: 19

Additional Information

  • Other Features: None

Parking

  • Garage Description: Assigned

Location

  • Area: Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Driving Directions: 9 Units in Long Beach

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall

Structural Information

  • # Buildings: 1
  • Stories/Levels: 2
  • Square Feet: 7,176
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1962
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 9
  • Unit Type: 2106, 2107

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 3

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1724
  • Lot Size: 7509
  • Lot Size Source: Vendor Enhanced
  • Zoning: LBR4R

Financial Considerations

  • Price Per Sq. Ft.: $281.35
  • Assessment Year: 1962

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 7269-010-037

Listed and Sold by The Agency, Jonathan Swire

Listing agent

— 1775 Locust Ave —

  • Jonathan Swire

    The Agency

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 1775 Locust Ave

School District:Long Beach Unified School District
NameGradesDistance
Roosevelt Elementary School, Long Beach, CA
1574 Linden Avenue, Long Beach, CA 90813
K-50.4 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 1775 Locust Ave

Date
Details
Price
Change
Source
12/17/2025
Sold
$1,960,000
-2.92%
MLS
11/06/2025
Price Reduced
$2,019,000
-1.46%
MLS
10/23/2025
Price Reduced
$2,049,000
-1.25%
MLS
9/29/2025
Price Reduced
$2,075,000
-2.12%
MLS
9/16/2025
Price Reduced
$2,120,000
-1.12%
MLS
9/15/2025
Price Reduced
$2,144,000
-0.05%
MLS
9/03/2025
Price Reduced
$2,145,000
-0.19%
MLS
7/10/2025
Price Reduced
$2,149,000
-2.32%
MLS
6/17/2025
Price Reduced
$2,200,000
-3.08%
MLS
6/06/2025
Price Reduced
$2,270,000
-0.22%
MLS
5/27/2025
Listed
$2,275,000
—
MLS
View All
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by The Agency, Jonathan Swire

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1775 Locust Ave, Long Beach, CA 90813 (MLS# 25543763) is a Multi-Family property that was sold at $1,960,000 on December 17, 2025. Want to learn more about 1775 Locust Ave? 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.