1025 Locust Ave Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated payment $11,236/month
Highlights
- Golf Course Community
- 0.17 Acre Lot
- Wood Flooring
- Long Beach Polytechnic High School Rated A
- Cape Cod Architecture
- Private Yard
About This Home
Don’t miss this rare opportunity to own a turnkey Downtown Cash Cow! 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 interior 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. Recent exterior upgrades include: New common area plank flooring, New landscaping, exterior paint and trim, new garage/auto door, and concrete driveway. 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!!
Listing Agent
Kinnery's Brokerage House Brokerage Phone: 310-490-8134 License #01852032 Listed on: 12/05/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1923 | Remodeled
Lot Details
- 7,356 Sq Ft Lot
- Lot Dimensions are 49 x 151
- No Common Walls
- Wood Fence
- Rectangular Lot
- Private Yard
- Back Yard
Parking
- 4 Car Garage
Home Design
- Cape Cod Architecture
- Entry on the 1st floor
- Flat Roof Shape
- Raised Foundation
- Composition Roof
Interior Spaces
- 5,498 Sq Ft Home
- 2-Story Property
- Crown Molding
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Family Room with Fireplace
- Living Room
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 8 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 5763
- Assessor Parcel Number 7273006014
- $1,493 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 8 Units
- Downtown Subdivision
Recreation
- Golf Course Community
- Park
- Water Sports
- Bike Trail
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Operating Expense $56,166
- Gross Income $177,600
- Net Operating Income $121,998
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,602 | $1,399,524 | $978,530 | $420,994 |
| 2024 | $18,602 | $1,372,084 | $959,344 | $412,740 |
| 2023 | $18,280 | $1,345,182 | $940,534 | $404,648 |
| 2022 | $17,175 | $1,318,807 | $922,093 | $396,714 |
| 2021 | $16,808 | $1,292,949 | $904,013 | $388,936 |
| 2020 | $16,764 | $1,279,692 | $894,744 | $384,948 |
| 2019 | $16,568 | $1,254,600 | $877,200 | $377,400 |
| 2018 | $16,087 | $1,230,000 | $860,000 | $370,000 |
| 2016 | $9,579 | $730,980 | $507,625 | $223,355 |
| 2015 | $9,212 | $720,000 | $500,000 | $220,000 |
| 2014 | $2,962 | $158,646 | $55,199 | $103,447 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/20/2026 01/20/26 | Price Changed | $1,825,000 | -1.4% | $332 / Sq Ft | |
| 01/05/2026 01/05/26 | Price Changed | $1,850,000 | -1.3% | $336 / Sq Ft | |
| 12/05/2025 12/05/25 | For Sale | $1,875,000 | +52.4% | $341 / Sq Ft | |
| 09/05/2017 09/05/17 | Sold | $1,230,000 | -1.6% | $224 / Sq Ft | View Prior Sale |
| 09/02/2017 09/02/17 | Pending | -- | -- | -- | |
| 08/30/2017 08/30/17 | For Sale | $1,250,000 | +73.6% | $227 / Sq Ft | |
| 07/16/2014 07/16/14 | Sold | $720,000 | -4.0% | $131 / Sq Ft | View Prior Sale |
| 04/04/2014 04/04/14 | Pending | -- | -- | -- | |
| 10/04/2013 10/04/13 | For Sale | $750,000 | -- | $136 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25270914
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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