PRICE REDUCED $30K - and PRICED TO SELL. Currently under a 9 GRM and 7.1% CAP with upside to under an 8 GRM and 8.4% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs - rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU's - Buyer to verify. Qualified Buyers can put down as little as 25% on a new loan. Earn over 10% cash on cash against in place rents, and over 15% cash on cash at market. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Multi-familyProperty Type
1962Year Built
7,509 sq ftLot Size
$273Price/Sq.Ft.
4 spacesParking
Listed by Jonathan Swire•DRE #01336277• The Agency
•310-948-2631 (agent)
•jon@jonswire.com (agent)
Bought with Jonathan Swire•DRE #01336277• The Agency
Excellent, Clean, Well Managed 9-Unit Building. NO RENT CONTROL! Good Unit Mix with 8-2 bedrooms, and 1-3 Bedroom. Gated Building with 4 Garages. On-Site Laundry Room Produces Extra Income. Desirable Wrigley Park Location makes units very easy to rent. Very close to Schools, Shopping and the Long Beach Blue Line Train.
SDMLS #301786075
May 1, 2015
Sold
$1,277,000
$178/sq ft
Mar 1, 2015
Listed
$1,295,000
$180/sq ft
Excellent, Clean, Well Managed 9-Unit Building. NO RENT CONTROL! Good Unit Mix with 8-2 bedrooms, and 1-3 Bedroom. Gated Building with 4 Garages. On-Site Laundry Room Produces Extra Income. Desirable Wrigley Park Location makes units very easy to rent. Very close to Schools, Shopping and the Long Beach Blue Line Train.
Excellent, Clean, Well Managed 9-Unit Building. NO RENT CONTROL! Good Unit Mix with 8-2 bedrooms, and 1-3 Bedroom. Gated Building with 4 Garages. On-Site Laundry Room Produces Extra Income. Desirable Wrigley Park Location makes units very easy to rent. Very close to Schools, Shopping and the Long Beach Blue Line Train.
Public Records
Sep 8, 2011
Sold
$933,000
$130/sq ft
Public Records
Apr 21, 2004
Sold
$760,500
$106/sq ft
Public Records
Jun 9, 1994
Sold
$225,000
$31/sq ft
Public Records
Jul 7, 1988
Sold
$455,000
$63/sq ft
Public Records
Feb 27, 1986
Sold
$344,000
$48/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$28,569 (+4.6%)
$568,913 + $1,524,689
$2,093,602
2024
$27,314 (+1.7%)
$568,913 + $1,524,689
$2,093,602
2023
$26,848 (+6.5%)
$557,758 + $1,494,794
$2,052,552
2022
$25,212 (+2.1%)
$546,822 + $1,465,485
$2,012,307
2021
$24,687 (+0.3%)
$536,100 + $1,436,750
$1,972,850
2020
$24,622 (+1.2%)
$525,589 + $1,408,579
$1,934,168
2019
$24,334 (+37.2%)
$520,200 + $1,394,136
$1,914,336
2018
$17,737 (+1.1%)
$510,000 + $1,366,800
$1,876,800
2017
$17,549 (+7.7%)
$414,222 + $908,181
$1,322,403
2016
$16,302 (+32.9%)
$414,222 + $908,181
$1,322,403
2015
$12,265 (+0.4%)
$406,100 + $890,374
$1,296,474
2014
$12,217 (+1.5%)
$409,852 + $546,128
$955,980
2012
$12,034 (+11.9%)
$408,000 + $543,660
$951,660
2011
$10,755 (+1.1%)
$400,000 + $533,000
$933,000
2010
$10,636 (+0.9%)
$341,803 + $501,608
$843,411
2009
$10,540 (+7.3%)
$339,249 + $497,860
$837,109
2008
$9,826
$340,055 + $499,043
$839,098
Tax history for 1775 Locust Ave
Year
Property tax
Land + Additions
Assessment*
2025
$28,569 (+4.6%)
$568,913 + $1,524,689
$2,093,602
2024
$27,314 (+1.7%)
$568,913 + $1,524,689
$2,093,602
2023
$26,848 (+6.5%)
$557,758 + $1,494,794
$2,052,552
2022
$25,212 (+2.1%)
$546,822 + $1,465,485
$2,012,307
2021
$24,687 (+0.3%)
$536,100 + $1,436,750
$1,972,850
2020
$24,622 (+1.2%)
$525,589 + $1,408,579
$1,934,168
2019
$24,334 (+37.2%)
$520,200 + $1,394,136
$1,914,336
2018
$17,737 (+1.1%)
$510,000 + $1,366,800
$1,876,800
2017
$17,549 (+7.7%)
$414,222 + $908,181
$1,322,403
2016
$16,302 (+32.9%)
$414,222 + $908,181
$1,322,403
2015
$12,265 (+0.4%)
$406,100 + $890,374
$1,296,474
2014
$12,217 (+1.5%)
$409,852 + $546,128
$955,980
2012
$12,034 (+11.9%)
$408,000 + $543,660
$951,660
2011
$10,755 (+1.1%)
$400,000 + $533,000
$933,000
2010
$10,636 (+0.9%)
$341,803 + $501,608
$843,411
2009
$10,540 (+7.3%)
$339,249 + $497,860
$837,109
2008
$9,826
$340,055 + $499,043
$839,098
*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
19
Baths
9
Stories
—
Lot width
—
Lot depth
—
Lot size
7,509 Sq. Ft.
Year renovated
1962
Sq. Ft.
7,176
Year built
1962
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
7269010037
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 29, 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
Garage
Assigned
Parking
# of Parking Spaces (Total): 4
Interior
Heating & Cooling
No Cooling
Wall Heat
Multi-Unit Income
Gross Income: 229000
Gross Operating Income: $224,000
Net Operating Income: $144,000
Multi-Unit Expenses
Total Annual Expense: $77,000
Multi-Unit Other Financial Information
Cap Rate: 7.2
Gross Rent Multiplier: 9
Vacancy Rate: 0
Scheduled Actual: Actual
Multi-Unit Information
Unit Type Type: 1, 2
Type Of Units: Income
# of Buildings: 1
Unit 1 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,895
Projected Rent: $1,895
Actual Rent: $1,895
# of Units: 7
Unit 2 Information
# of Beds: 3
# of Baths: 1.00
Rent: $2,295
Projected Rent: $2,295
Actual Rent: $2,295
# of Units: 2
Exterior
Building Information
Total Floors: 2
Two Level
Property Information
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 7,509
Lot Size (Acres): 0.1724
Zoning: LBR4R
Financial
Assessment Information
Assessed Total Value: $2,052,552
Assessed Land Value: $557,758
Assessed Land %: 27.17
Assessed Improvement Value: $1,494,794
Assessed Improvement %: 72.83
Assessor Parcel Number: 7269-010-037
Location
Community Information
# of Units in Complex (Total): 9
Location Information
Directions: 9 Units in Long Beach
Public facts
Beds: 19
Baths: 9.0
Sq. Ft.: 7,176
Stories: —
Lot Size: 7,509 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1962
Year Renovated: 1962
County: Los Angeles County
APN: 7269010037
Home facts updated by county records on Aug 29, 2026
Other
Documents & Disclosures
Disclosures: None
Around this home
Schools
Roosevelt Elementary School
Public K-5 • Assigned • 0.4mi
5/10
Washington Middle School
Public 6-8 • Assigned • 1.0mi
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
6/10 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, 24 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)
69
50
69
52
72
55
71
56
73
60
75
63
80
65
81
66
79
67
75
60
70
54
67
53
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.