1640 Locust, Long Beach, CA 90813

• 6,295 sqft

Property Description

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.

Listing Status:

Active

Date Added:

January 24, 2026

Data Last Updated:

February 7, 2026 at 10:06PM

Listing Office:

Excellence Premier Real Estate : 562-948-4553

Listing Agent:

Hernan Hernandez : 562-228-8811

MLS ID:

CRDW26017371

Interior

• Laundry: No Hookups
• Heating: Natural Gas

Exterior

• Parking: None

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: 7269018015
• View: None

Financial

• Source: CRMLS