Seller's Agent in 2025
John 'Jack' McCann
Lyon Stahl Investment Real Estate, Inc.
(310) 408-0121
1 in this area
36 Total Sales
1716 Locust Ave Long Beach, CA 90813
Washington School Neighborhood
14
Beds
8
Baths
4,432
Sq Ft
6,146
Sq Ft
About This Home
As of May 2025Nestled in the heart of Long Beach, this eight-unit residential property at 1716 Locust Avenue presents an attractive investment prospect. Strategically positioned just south of PCH, with easy access to both Long Beach Blvd and Pacific Avenue, the property offers convenience and desirability to potential tenants. Built in 1963, the building spans 4,432 square feet on a generously sized 6,144 square foot lot. Comprising a mix of six 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, this property showcases a diverse range of living spaces to accommodate various tenant needs. With a solid rental history, the property consistently generates $14,823 per month and $177,876 annually in rental income. Listed for sale at $1,725,000, the property presents an attractive investment opportunity, boasting nearly a 7% cap rate and a 9.70 Gross Rent Multiplier (GRM). With its combination of location, rental income, and investment potential, this property stands as a promising opportunity for investors seeking to expand their real estate portfolio in Long Beach.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 02/10/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,146 Sq Ft Lot
Interior Spaces
- 4,432 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
- 8 Bathrooms
Parking
- 4 Parking Spaces
- Driveway
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 7269-019-035
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $1,650,000 | -4.3% | $372 / Sq Ft | |
| 02/10/2025 02/10/25 | For Sale | $1,725,000 | +87.5% | $389 / Sq Ft | |
| 05/15/2015 05/15/15 | Sold | $920,000 | -7.5% | $208 / Sq Ft | View Prior Sale |
| 02/25/2015 02/25/15 | Pending | -- | -- | -- | |
| 01/13/2015 01/13/15 | For Sale | $995,000 | -- | $225 / Sq Ft |
Source: The MLS
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 | $14,936 | $1,105,693 | $360,551 | $745,142 |
| 2024 | $14,936 | $1,084,014 | $353,482 | $730,532 |
| 2023 | $14,672 | $1,062,759 | $346,551 | $716,208 |
| 2022 | $13,789 | $1,041,921 | $339,756 | $702,165 |
| 2021 | $13,490 | $1,021,493 | $333,095 | $688,398 |
| 2019 | $13,297 | $992,377 | $323,216 | $669,161 |
| 2018 | $12,909 | $972,943 | $316,879 | $656,064 |
| 2016 | $11,881 | $934,030 | $304,575 | $629,455 |
| 2015 | $8,768 | $684,540 | $313,530 | $371,010 |
| 2014 | $8,743 | $671,132 | $307,389 | $363,743 |
Source: Public Records
Agents Affiliated with this Home
-
John 'Jack' McCann
-
John Francis
J
Buyer's Agent in 2025
John Francis
GT Investments
(310) 902-5103
1 in this area
29 Total Sales
-
Robert Leveen
Seller's Agent in 2015
Robert Leveen
Robert Leveen
(213) 220-9800
15 Total Sales
Map
Source: The MLS
MLS Number: 24-468909
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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