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1025 Locust Avenue

Long Beach, CA 90813

– beds
– baths
– sqft
7,356 sqft lot
1920 build
– on site

Attention ALL Multi-Family Investors! We are proud to offer this once in a lifetime 8-Unit Downtown Trophy Asset approximately 1 mile to the Beach, Pier and everything that's wonderful about Long Beach. NO CITYWIDE RENT CONTROL offers savvy landlords countless flexibility. Ideal Location! Location! Located within city’s fast-growing Opportunity Zone, walking distance to Historic Pine Ave, 4th Street’s Retro-Row, restaurants, bike trails, schools, churches, dog park, grocery store and approximately 200 ft to Metro A line train station. 1025 Locust is a picturesque 1920s building, featuring all the qualities and characteristics of classic 20th century architecture – boasting magnificent woodwork, built-in cabinetry, high ceilings, crown moldings, expansive floor plans with an abundance of natural light and great curb appeal. “Pride of Ownership” is evident. Recent upgrades include remodeled kitchens and bathrooms, refurbished hardwood flooring, new quartz/granite countertops, new wood plank vinyl flooring, 44 new windows installed in 2021, new fixtures, custom two-tone paint and AC window cooling. The units are much larger than many of the nearby apartment units. The oversized 3-room studios include galley style kitchens with counter to ceiling cabinets, walk-in closets and the extremely large 1 bedrooms offer full-size kitchens, walk-in showers, bathtubs and a service porch. Additional investor notables: spacious backyard area and four garages offer great duplex ADU building potential; new statewide density and parking requirements for multi-units near mass transit offers similar development upside as 97-unit 1112 Locust apartment building; improve best use of 5,498 sq. ft building space to double current bedroom count or increase income immediately with fully furnished apartments similar to current AirBnB Apt. #6. Don’t miss this rare opportunity to own a turnkey Cash Cow and a legacy of authentic history while taking full advantage of endless income growth. Seller MOTIVATED!!

Listed By CRMLS_CA / Cameron Jacques / Kinnery's Brokerage House / 310-490-8134

Last checked: Checking… • Last updated Nov 11, 2024 •

MLS# PW24230683 —

The Building

Year Built:

1920
Year Built Source:

Assessor
New Construction:

No
Architectural Style:

Cape Cod
Roof:

Composition, Flat
Entry Level:

1
Foundation:

Raised
Common Walls:

No Common Walls
Building Area Total:

5498.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

8
Stories Total:

2
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Features:

Ceiling Fan(s), Crown Molding, Recessed Lighting
Entry Location:

1
Window Features:

Double Pane Windows
Flooring:

Carpet, Tile, Vinyl, Wood
Room Type:

Kitchen, Living Room
Fireplace:

Yes
Fireplace:

Family Room
Laundry:

None

Location

Directions:

Mjr cross street: 10th street & Pacific Ave
Latitude:

33.77961200
Longitude:

-118.19145200

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Property Condition:

Updated/Remodeled
Zoning:

LBR4N
Lot Features:

Back Yard, Rectangular Lot, Walkstreet, Yard
Lot Size Area:

7356.0000
Lot Size Dimensions:

49 x 151
Lot Size Acres:

0.1689
Lot Size SqFt:

7356.00
Lot Size Source:

Assessor
Lot Dimensions Source:

Assessor
View:

1
View:

Neighborhood
Fencing:

Wood
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5763.01
Tax Tract:

576...
Tax Lot:

17

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7273006014

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Gas Oven, Gas Range, Gas Cooktop, Microwave, Refrigerator
Included:

Yes

The Community

Subdivision:

Downtown (DT)
Subdivision:

Downtown (DT)
Senior Community:

No
Features:

Biking, Curbs, Golf, Gutters, Park, Watersports, Sidewalks, Street Lights, Suburban
Pool:

None
Private Pool:

No
Assessments:

No
Assessments:

None

Parking

Parking Spaces:

4.00
Garage Spaces:

4.00

Extra Units

Average 1 Bed Area:

735
Average Studio Area:

635

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/11/24 Nov 11, 2024	Listed / Active	CRMLS_CA	$2,000,000	62.6% (8.7% / YR)
2/27/24 Feb 27, 2024	Price Changed	CRMLS_CA
2/14/24 Feb 14, 2024	Price Changed	CRMLS_CA

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This multifamily located in Saint Mary, Long Beach, CA 90813 is currently for sale for $2,000,000. 1025 Locust Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. 1025 Locust Avenue is in the Saint Mary neighborhood of Long Beach and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Polytechnic High School, Washington Middle School, and Roosevelt Elementary School.

Listing Courtesy of: CRMLS_CA and Kinnery's Brokerage House. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Nov 14.

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.