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1564 Locust, Long Beach CA 90813
1564 Locust, Long Beach CA 90813
1564 Locust, Long Beach CA 90813
1564 Locust, Long Beach CA 90813
1564 Locust, Long Beach CA 90813
1564 Locust, Long Beach CA 90813
1564 Locust, Long Beach CA 90813
California>Long Beach>Washington School

1564 LocustLong Beach, CA 90813

For Sale

$1,125,000

Smart Buyer Rebate $11,250

This well-maintained 4-unit income property presents a strong opportunity for investors seeking stable, long-term rental income. The building features four units with functional layouts that provide comfortable living spaces and consistent tenant appeal.
The property is currently occupied by some long-term tenants and tenants within the last three years, offering immediate and reliable income with a proven rental history. Their extended tenancy reflects the overall desirability and stability of the property.
Public Street parking for the property is available on the street directly in front of the building, providing convenient access for residents and guests.
Located in a high-demand rental area of Long Beach, the property is close to schools, shopping, public transportation, and major freeways, making it attractive to a wide range of tenants.
Overall, this is a solid multi-unit investment with dependable income, minimal turnover, and strong long-term upside in a desirable market.

Listed by Javier Alvarez

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License #01882629

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Circle Real Estate

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562-318-4021

Last updated April 10, 2026

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Source: CRMLS #PW26065029

Listing Facts

  • TypeMulti-family
  • NeighborhoodWashington School
  • Days on Prevu37

Location

Mortgage Calculator

Listing History

03/25/2026
Listed by Circle Real Estate
$1,125,000

Property Details for 1564 Locust

Association

Amenities

  • Community Features: Biking, Curbs, Gutter(s), Sidewalks

Exterior

Construction

  • Number Of Units Total: 4
  • Property Attached: Yes
  • Roof: Flat
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1963
  • Architectural Style: Contemporary
  • Common Walls: 2+ Common Walls
  • Construction Materials: Copper Plumbing
  • Entry Level: 2
  • Entry Location: Front

Features

  • Direction Faces: West
  • Fencing: Wrought Iron
  • Road Frontage Type: City Street

Measurements

  • Building Area Total: 3,458
  • Building Area Units: Square Feet
  • Lot Features: Walkstreet
  • Lot Size Acres: 0.06
  • Lot Size Area: 3,011
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3,011
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.3
  • Gross Income: $91,200.00
  • Operating Expense: $4,390.38

Taxes

  • Parcel Number: 7269017033

Other

Location

  • Subdivision Name: Poly High (PH)
  • Tax Lot: 10

Utilities

Equipment

  • Electric: Standard
  • Heating: Wall Furnace
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Not Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1564 Locust.

How does 1564 Locust compare to other multi-family homes in Washington School?

This multi-family home is listed 43% below the average price for multi-family homes in Washington School and has been on the market for 56 less days than the typical home in this area.

1564 Locust is a -bedroom multi-family home for sale in Long Beach CA 90813. Listed on Prevu for 37 days at $1,125,000. This residence is located in Washington School. The median listing price for multi-family homes in this area is $1,462,500. Browse more multi-family home listings in Long Beach.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.