1775 Locust Avenue, Long Beach, CA 90813
Property · 2 recorded sales since 2015
Sold December 2025
Listing Agent: Jonathan Swire (DRE #01336277) · Listing Office: The Agency · Contact: 424-230-3700 · Bought with: Jonathan Swire · The Agency · MLS #25543763 · Source: CRMLS
About this property
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.
Listing description from the December 2025 sale, as reported to CRMLS.
Sale history
