Teriann McKenna
TM Real Estate Services
(424) 396-2889
10 Total Sales
1 in Washington School
$253,000 Price
1716 Locust Ave Long Beach, CA 90813
Washington School Neighborhood
14
Beds
8
Baths
4,432
Sq Ft
6,146
Sq Ft Lot
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
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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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Washington School, CA
-
Teriann McKenna
-
Rudy Kusuma
Rudy Kusuma
LPT Realty, Inc
(916) 249-4078
144 Total Sales
1 in Washington School
$663,000 Price
-
Poupee Komenkul
Poupee Komenkul
Rodeo Realty
(747) 998-0899
146 Total Sales
2 in Washington School
$275K - $283K Price Range
-
Melissa Barlow
Melissa Barlow
Responds QuicklyElite Representation Real Estate
(424) 704-9071
44 Total Sales
1 in Washington School
$1,150,000 Price
-
Dennis Fulmore
Dennis Fulmore
Dennis Wayne Group
(424) 688-7260
19 Total Sales
1 in Washington School
$610,000 Price
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
119 Total Sales
1 in Washington School
$505,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| Ruiz Armando | -- | First American Title Company | |
| Ruiz Armando | $1,650,000 | First American Title Company | |
| Ngor Pheat Kim | -- | None Available | |
| Ngor Souvenir B | $920,000 | North American Title Company | |
| Walker Property Investments Llc | $655,000 | Chicago Title Company | |
| Tussing Marjorie | -- | Fidelity National Title Co | |
| Marrujo Ernest | $790,000 | Fidelity National Title Co | |
| Tussing Marjorie | -- | Chicago Title | |
| Tussing Family Trust | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $872,000 | ||
| Previous Owner | Ngor Souvenir B | $588,250 | |
| Previous Owner | Walker Property Investments Llc | $300,000 | |
| Previous Owner | Marrujo Ernest | $607,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $15,617 | $1,683,000 | $663,000 | $1,020,000 |
| 2025 | $15,617 | $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
Seller's Agent in 2025
John 'Jack' McCann
Lyon Stahl Investment Real Estate, Inc.
(310) 408-0121
1 in this area
38 Total Sales
-
John Francis
JF
Buyer's Agent in 2025
John Francis
GT Investments
(310) 902-5103
1 in this area
27 Total Sales
-
Robert Leveen
Seller's Agent in 2015
Robert Leveen
Robert Leveen
(213) 220-9800
16 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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