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Off market jun 2025 for $2.2M

—

Est. refi paymentEst. refi $7,159/mo

•

7,020

sq ft

1641 Locust Ave, Long Beach, CA 90813

About this home

NEW PRICE! Excellent Assumable Financing Available! 3.63% Interest Rate - Fixed for 7.5 Years! We are pleased to exclusively offer for sale this 14 unit multi-family investment in the city of Long Beach. The subject property consists of 3 separate structures of which, all units are separately metered for electricity and gas. Additionally there is a RUBS system currently in place in which the tenants are charged back for all usage of water and trash. This leads to almost no utility cost for the investor. Tenants enjoy gated private entry as well as 5 enclosed garage spaces that are rented out for additional income. A majority of the electrical and plumbing has been updated within the past 7 years as tenants vacate and the units are rehabbed. The roof was replaced within the last 7 years as well. There are currently 3 vacancies that are rent ready and will be held vacant at COE for a new buyer to choose their own tenants and attain market rent immediately. This is a true value-add opportunity as there is approximately 35-40% upside in rental income. Utilizing the assumable financing that is in place, a new investor can look to enjoy a 6.7% CASH-ON-CASH return on Day 1 with the current rental rates that are in place, with an even more significant cash return available upon stabilizing the asset with market rental rates.

Multi-familyProperty Type

1927Year Built

7,405 sq ftLot Size

$320Price/Sq.Ft.

5 car garageParking

Listed by Kristopher German •DRE #01800021 • RE/MAX 2000 REALTY

Contact: 909-645-0443

Bought with Andrew McAllister •DRE #01946829 • Nationwide Real Estate Execs

Redfin checked: 2 minutes ago

•Source:CRMLS #CV23068594

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 90813, CA

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.4%

2.0% MoM

Median sale price

$686K

$24K MoM

Avg. days on market

56d

2 days MoM

Recently sold homes

2 MoM

New listings for sale

$530,000
2 beds2 baths940 sq ft
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Century 21 Masters
NEW 3 HRS AGO
$799,000
3 beds— baths3,480 sq ft
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NEW 6 HRS AGO
$1,299,000
7 beds6 baths4,584 sq ft
310 W 14th St, Long Beach, CA 90813
Wise Choices Realty
$1,547,000
11 beds3 baths4,602 sq ft
1306 E Hellman St, Long Beach, CA 90813
$1,373,000
9 beds6 baths3,546 sq ft
1605 Cherry Ave, Long Beach, CA 90813
COMING SOON
$530,000
2 beds2 baths872 sq ft
801 Pine Ave #303, Long Beach, CA 90813
(805) 244-6597
$2,195,000
10 beds8 baths4,722 sq ft
1036 Cherry Ave, Long Beach, CA 90813
$979,000
4 beds— baths2,800 sq ft
1454 Magnolia, Long Beach, CA 90813
$525,000
2 beds2 baths1,085 sq ft
801 Pine Ave #205, Long Beach, CA 90813
See all

Provided by Redfin

Sale history for 1641 Locust Ave

Date

Event

Price

CRMLS #CV23068594

Jun 6, 2025

Sold

$2,245,000

$320/sq ft

Aug 25, 2023

Pending

—

Jul 17, 2023

Relisted

—

Jun 28, 2023

Pending

—

May 30, 2023

Relisted

—

May 30, 2023

Price Changed

$2,450,000

$349/sq ft

May 24, 2023

Relisted

—

May 12, 2023

Relisted

—

Apr 24, 2023

Listed

$2,600,000

$370/sq ft

CRMLS #S416032

Jan 13, 2006

Sold

$1,169,000

$167/sq ft

Oct 21, 2005

Listed

$1,179,000

$168/sq ft

CRMLS #S397137

Oct 12, 2005

Listing Removed

—

May 20, 2005

Listed

$1,179,000

$168/sq ft

Public Records

Apr 28, 1995

Sold

$170,000

$24/sq ft

Public Records

Mar 12, 1990

Sold

$54,000

$8/sq ft

Public Records

Feb 23, 1989

Sold

$445,000

$63/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$35,568 (+4.5%)

$918,000 + $1,371,900

$2,289,900

2024

$34,029 (+1.8%)

$1,082,432 + $1,515,404

$2,597,836

2023

$33,436 (+6.5%)

$1,061,208 + $1,485,691

$2,546,899

2022

$31,391 (+83.9%)

$1,040,400 + $1,456,560

$2,496,960

2021

$17,067 (+0.3%)

$1,020,000 + $1,428,000

$2,448,000

2020

$17,023 (+1.2%)

$596,257 + $655,883

$1,252,140

2019

$16,822 (+2.8%)

$590,144 + $649,158

$1,239,302

2018

$16,371 (+1.1%)

$578,573 + $636,430

$1,215,003

2017

$16,195 (+7.5%)

$556,107 + $611,717

$1,167,824

2016

$15,071 (+4.0%)

$556,107 + $611,717

$1,167,824

2015

$14,494 (+13.2%)

$545,203 + $599,723

$1,144,926

2014

$12,800 (+5.1%)

$457,200 + $502,800

$960,000

2012

$12,179 (−11.0%)

$428,600 + $471,400

$900,000

2011

$13,678 (+1.1%)

$428,600 + $471,400

$900,000

2010

$13,526 (−12.6%)

$503,765 + $554,141

$1,057,906

2009

$15,485 (+7.4%)

$500,000 + $550,000

$1,050,000

2008

$14,423

$583,664 + $656,887

$1,240,551

Tax history for 1641 Locust Ave

Year

Property tax

Land + Additions

Assessment*

2025

$35,568 (+4.5%)

$918,000 + $1,371,900

$2,289,900

2024

$34,029 (+1.8%)

$1,082,432 + $1,515,404

$2,597,836

2023

$33,436 (+6.5%)

$1,061,208 + $1,485,691

$2,546,899

2022

$31,391 (+83.9%)

$1,040,400 + $1,456,560

$2,496,960

2021

$17,067 (+0.3%)

$1,020,000 + $1,428,000

$2,448,000

2020

$17,023 (+1.2%)

$596,257 + $655,883

$1,252,140

2019

$16,822 (+2.8%)

$590,144 + $649,158

$1,239,302

2018

$16,371 (+1.1%)

$578,573 + $636,430

$1,215,003

2017

$16,195 (+7.5%)

$556,107 + $611,717

$1,167,824

2016

$15,071 (+4.0%)

$556,107 + $611,717

$1,167,824

2015

$14,494 (+13.2%)

$545,203 + $599,723

$1,144,926

2014

$12,800 (+5.1%)

$457,200 + $502,800

$960,000

2012

$12,179 (−11.0%)

$428,600 + $471,400

$900,000

2011

$13,678 (+1.1%)

$428,600 + $471,400

$900,000

2010

$13,526 (−12.6%)

$503,765 + $554,141

$1,057,906

2009

$15,485 (+7.4%)

$500,000 + $550,000

$1,050,000

2008

$14,423

$583,664 + $656,887

$1,240,551

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

7,407 Sq. Ft.

Year renovated

—

Sq. Ft.

876

Year built

1927

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

7269011020

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 6, 2026.

RMU4-A

Residential Mixed-Use 4-A Series Zone

Residential Mixed-Use 4 (RMU4 A-Series) zone is residentially focused and permit higher density residential uses in areas where multi-family housing is currently the dominant use. These zones permit intensification of existing residential areas to increase housing opportunities and introduce neighborhood-serving, non-residential uses in proximity to residents.

Permitted uses

Include but are not limited to:

Agriculture
Day care facility
Retail-Grocery
Restaurant
Housing-Group
Housing-Multiple units
Housing-Senior
Housing-Other
Mixed use
Park & open space

Property details

Parking

Parking / Garage Information
# of Garage Spaces: 5
# of Parking Spaces: 5

Interior

Laundry Information
None

Interior Features
Entry Level: 1
Entry Location: 1
Levels: Two

Unit Type 1 Information
Unit Key Numeric: 11677726
Listing Key Numeric: 371296213
Actual Rent: $852
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $852
Total # of Units: 1

Unit Type 2 Information
Unit Key Numeric: 11677727
Listing Key Numeric: 371296213
Actual Rent: $994
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $994
Total # of Units: 1

Unit Type 3 Information
Listing Key Numeric: 371296213
Unit Key Numeric: 11677728
Actual Rent: $994
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $994
Total # of Units: 1

Unit Type 4 Information
Listing Key Numeric: 371296213
Unit Key Numeric: 11677729
Actual Rent: $962
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $962
Total # of Units: 1

Unit Type 5 Information
Unit Key Numeric: 11677730
Listing Key Numeric: 371296213
Actual Rent: $934
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $934
Total # of Units: 1

Unit Type 6 Information
Listing Key Numeric: 371296213
Unit Key Numeric: 11677731
Actual Rent: $1,695
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $5,085
Total # of Units: 3

Unit Type 7 Information
Unit Key Numeric: 11677732
Listing Key Numeric: 371296213
Actual Rent: $1,450
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $1,450
Total # of Units: 1

Unit Type 8 Information
Unit Key Numeric: 11677733
Listing Key Numeric: 371296213
Actual Rent: $1,350
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $1,350
Total # of Units: 1

Unit Type 9 Information
Unit Key Numeric: 11677734
Listing Key Numeric: 371296213
Actual Rent: $1,300
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $1,300
Total # of Units: 1

Unit Type 10 Information
Unit Key Numeric: 11677735
Listing Key Numeric: 371296213
Actual Rent: $1,264
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $1,264
Total # of Units: 1

Expenses
Fuel Expense: $2,341
Trash: $750
Total: $53,326
Pest Control: $800
Maintenance: $13,586
Insurance: $2,808
Water Sewer: $2,750
Electric: $711
New Taxes: $27,480

Multi-Unit Information
Other Income Description: RUBS & Parking
Net Operating Income: $149,422
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 7,020
Gross Scheduled Income: $209,019
Gross Operating Income: $202,749
Gross Income: $209,019
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 14
# Of Separate Electric Meters: 14
# Of Buildings: 3
Vacancy Allowance: 6271

Exterior

Exterior Features
Pool Features: None

Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 11-15 Units/Acre, Lot 6500-9999

Property Information
Common Interest: Community Apartment
Total # of Units: 14
Common Walls: 2+ common walls
Parcel Number: 7269011020
Attached Property
Total # of Stories: 2
Year Built Source: Assessor

Financial

Lease / Rental Details
Operating Expense: $53,326
Other Expense: $2,100
Other Expense Description: Reserves
Other Income: $4,800
Rent Control
Tenant Pays: Electricity, Gas, Other

Utilities

Utilities Information
Sewer: Public Sewer
Water Source: District/Public

Location

Neighborhood Information
Community Features: Curbs, Gutters, Sidewalks

Location Information
Latitude: 33.78797400
Longitude: -118.19145200
Directions: East of I-710, South of I-405; Near the Intersection of E Pacific Coast Hwy & Locust Ave
Zoning: LBR4R

Public facts

Beds: 1
Baths: 1.0
Sq. Ft.: 876
Stories: —
Lot Size: 7,407 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1927
Year Renovated: —
County: Los Angeles County
APN: 7269011020

Home facts updated by county records on Oct 6, 2026

Other

Listing Information
IDX Contact Info: 909-645-0443
Days Active in MLS: 89
Continuous Days Active in MLS: 89

Listing Agent Information
List Agent First Name: KRISTOPHER
List Agent Last Name: GERMAN

Listing Office Information
List Office Name: RE/MAX 2000 REALTY

Selling Agent Information
Buyer Agent First Name: Andrew
Buyer Agent Last Name: McAllister

Selling Office Information
Buyer Office Name: Nationwide Real Estate Execs

Around this home

Schools

Roosevelt Elementary School

Public K-5 • Assigned • 0.3mi

5/10

Washington Middle School

Public 6-8 • Assigned • 1.1mi

4/10

Polytechnic High School

Public 9-12 • Assigned • 0.5mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

5/10 Flood Factor

Estimated 22-32% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 88° expected this year, 23 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

9 unhealthy days expected this year, 10 days in 30 years

Provided by First Street

Historical weather

Long Beach, CA • 90813

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 6.9 hours in December, placing it above the U.S. average for solar exposure.

9.1 hrs

6.9 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 1641 Locust Ave

Data from public records.

Address	Redfin Estimate
1717 Locust Avenue, Long Beach, CA 2 Beds \| 1 Baths \| 864 Sq. Ft.	$598,469
1705 Locust Avenue, Long Beach, CA 3 Beds \| - Baths \| 1436 Sq. Ft.	$676,708

Address	Redfin Estimate
1709 Locust Avenue, Long Beach, CA 3 Beds \| 1 Baths \| 836 Sq. Ft.	$643,642
1619 Locust Avenue, Long Beach, CA 3 Beds \| 3 Baths \| 1892 Sq. Ft.	$618,883

Address	Redfin Estimate
1651 Locust Avenue, Long Beach, CA 2 Beds \| 1 Baths \| 659 Sq. Ft.	—
1609 Locust Avenue, Long Beach, CA 2 Beds \| - Baths \| 860 Sq. Ft.	$422,206

Property information provided by CRMLS when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 90813, CA

Sale history for 1641 Locust Ave

Tax history for 1641 Locust Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 90813

Home values near 1641 Locust Ave

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