$1,650,000
SOLD MAY 9, 2025

1716 Locust Ave Long Beach, CA 90813

Washington School Neighborhood
14 Beds
8 Baths
4,432 Sq Ft
6,146 Sq Ft Lot

Recently Sold

$372 Per Sq Ft

4% Below List Price

87 Days on Market

About This Home

As of May 2025

Nestled 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

John 'Jack' McCann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 02/10/2025

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

John Francis

GT Investments License #02011898

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4432
  • Lot Acreage: 0.1411
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Common Walls: Attached
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 389.21

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 67.39
  • Assessed Improvement Value: 716208
  • Assessed Land Percent: 32.61
  • Assessed Land Value: 346551
  • Total Assessed Value: 1062759
  • Assessor Parcel Number: 7269-019-035
  • Lot Size Area: 6146

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.70
  • Number Of Units: 8
  • Type Of Units: Apartment

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John 'Jack' McCann

    Seller's Agent in 2025

    John 'Jack' McCann

    Lyon Stahl Investment Real Estate, Inc.

    (310) 408-0121

    1 in this area

    37 Total Sales

    John 'Jack' McCann
    Section Image

  • J

    Buyer's Agent in 2025

    John Francis

    GT Investments

    (310) 902-5103

    1 in this area

    29 Total Sales

    John Francis
    Section Image
  • Robert Leveen

    Seller's Agent in 2015

    Robert Leveen

    Robert Leveen

    (213) 220-9800

    14 Total Sales

    Robert Leveen
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-468909

The MLS
California Los Angeles County Long Beach 90813 Washington School

1716 Locust Ave, Long Beach, CA

Sold

MultiFamily

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