Properties
Long Beach, CA 90813 1564 Locust
$1,125,000
5 more
Presented By: Javier Alvarez with Circle Real Estate; 562-318-4021
Baths • 1
SQFT • 3,458
Home Details
This well-maintained 4-unit income property presents a strong opportunity for investors seeking stable, long-term rental income. The building features four units with functional layouts that provide comfortable living spaces and consistent tenant appeal.
The property is currently occupied by some long-term tenants and tenants within the last three years, offering immediate and reliable income with a proven rental history. Their extended tenancy reflects the overall desirability and stability of the property.
Public Street parking for the property is available on the street directly in front of the building, providing convenient access for residents and guests.
Located in a high-demand rental area of Long Beach, the property is close to schools, shopping, public transportation, and major freeways, making it attractive to a wide range of tenants.
Overall, this is a solid multi-unit investment with dependable income, minimal turnover, and strong long-term upside in a desirable market.
Presented By: Javier Alvarez with Circle Real Estate; 562-318-4021
Interior Features for 1564 Locust
Other Interior Features
Air Conditioning Y/NNo
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level2
General for 1564 Locust
Additional Parcels Y/NNo
Architectural StyleContemporary
Building Area UnitsSquare Feet
Cap Rate6.68
CityLong Beach
Community FeaturesBiking, Curbs, Gutter(s), Sidewalks
Construction MaterialsCopper Plumbing
ContingencyNONE
CoolingNone
CountyLos Angeles
Current FinancingNone
DirectionsNorth of Anahiem, West of Long Beach Blvd, East of Pacific Ave, South of PCH
ElectricStandard
Electric Expense2592
Entry LocationFront
Facing DirectionWest
Fuel Expense655.68
Garage Spaces
Garage Y/NNo
Gross Income91200
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense1200
Land Lease Y/NNo
LevelsTwo
Listing TermsConventional
Lot Size Square Feet3011
Lot Size UnitsSquare Feet
MLS Area9 - Poly High
Net Operating Income75314.28
New ConstructionNo
Number Of Units Total4
Number of Units Leased2
Operating Expense11325
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NNo
RoofFlat
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NamePoly High (PH)
Tax Lot10
Total Actual Rent7600
Trash Expense200
UtilitiesCable Available, Electricity Not Available, Phone Available, Sewer Available, Water Available
Water Sewer Expense1514.7
Year Built1963
Year Built SourceAssessor
Exterior for 1564 Locust
Building Area Total3458
FencingWrought Iron
Lot FeaturesWalkstreet
Lot Size Acres0.0691
Lot Size Area3011
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Parking FeaturesNone
Private PoolNo
Road Frontage TypeCity Street
SpaNo
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
