Listed by Kristopher German, RE/MAX 2000 REALTY, (626) 956-0188 . Bought with Nationwide Real Estate Execs
1641 Locust Ave
Long Beach, CA 90813
Washington School- 3 Beds
- 14 Baths
- 7,020 sqft
3 Beds
14 Baths
7,020 sqft
Local Information
-- mins to
Description
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.
1641 Locust Ave, Long Beach, CA 90813 is a 3 bedroom, 14 bathroom, 7,020 sqft multi-family in Washington School, built in 1927. It last sold for $2,245,000 on Jun 6, 2025 (8% below the $2,450,000 asking price). It is currently off market. The Trulia Estimate rent is $3,358/month.
Home Highlights
Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 1641 Locust Ave
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Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 14 |
Appliances & Utilities Laundry: None |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1 |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 5Number of Covered Spaces: 5Has a GarageParking Spaces: 5Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 89 |
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Year Built Year Built: 1927 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 7269011020 |
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Price List Price: $2,450,000 |
Status Change & Dates Off Market Date: Fri Aug 25 2023 |
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MLS Status: Closed |
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Direction & Address City: Long Beach |
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Building Area Building Area: 7020 Square Feet |
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Community Features: Curbs, Gutter(s), SidewalksNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 7405 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan |
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Expense Tenant Pays: Electricity, Gas, Other |
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Has Rent Control |
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Mls Number: CV23068594Living Area Range Units: Square FeetAttribution Contact: 909-645-0443Back On Market Date: Mon Jul 17 2023Common Interest: Community ApartmentUniversal Property Id: US-06037-N-7269011020-R-N |
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CurbsGutter(s)Sidewalks |
Last check for updates: about 4 hours ago
Listed by Kristopher German DRE #01800021, (909) 645-0443
RE/MAX 2000 REALTY
Bought with: Andrew McAllister DRE #01946829, (562) 528-8105, Nationwide Real Estate Execs
Originating MLS: California Regional MLS
Source: CRMLS, MLS#CV23068594

Price History for 1641 Locust Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 06/06/2025 | $2,245,000 | Sold | CRMLS #CV23068594 |
| 08/25/2023 | $2,450,000 | Pending | CRMLS #CV23068594 |
| 07/17/2023 | $2,450,000 | PendingToActive | CRMLS #CV23068594 |
| 06/29/2023 | $2,450,000 | Pending | CRMLS #CV23068594 |
| 05/30/2023 | $2,450,000 | Listed For Sale | CRMLS #CV23068594 |
| 01/13/2006 | $1,169,000 | Sold | N/A |
Market trends in Long Beach
Last updated May 2026
Avg. sale price
$828K
$11.67KMoM
Sale-to-List Price
100.0%
Price per sq ft
$654
$16MoM
Available listings
846
79MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $35,568 |
| Assessment | $2,600,636 |
Home facts updated by county records
Comparable Sales for 1641 Locust Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.27 | Multi-Family Home | $2,225,000 | 08/29/25 | 2 | 14 | 5,276 | |
0.04 | Multi-Family Home | $2,700,000 | 05/14/26 | 16 | 14 | 7,780 | |
0.11 | Multi-Family Home | $1,900,000 | 12/19/25 | 11 | 10 | 6,423 | |
0.10 | Multi-Family Home | $1,960,000 | 12/17/25 | 19 | 9 | 7,176 | |
0.34 | Multi-Family Home | $2,140,000 | 11/13/25 | 12 | 12 | 6,402 | |
0.33 | Multi-Family Home | $2,020,000 | 04/29/26 | 14 | 10 | 6,922 | |
0.44 | Multi-Family Home | $2,280,000 | 10/06/25 | 15 | 12 | 7,166 | |
0.38 | Multi-Family Home | $1,575,000 | 02/24/26 | 2 | 9 | 4,051 | |
0.58 | Multi-Family Home | $1,760,000 | 07/02/26 | 4 | 8 | 5,498 | |
0.23 | Multi-Family Home | $1,066,000 | 05/07/26 | 4 | 7 | 4,452 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1641 Locust Ave.
What Locals Say about Washington School
At least 1 Trulia users voted on each feature.
100 % Say neighbors are friendly
100 % Say yards are well-kept
100 % Say it's walkable to grocery stores
100 % Say there are sidewalks
100 % Say it's dog friendly
67 % Say streets are well-lit
67 % Say it's walkable to restaurants
50 % Say kids play outside
50 % Say car is needed
50 % Say they plan to stay for at least 5 years
50 % Say there's holiday spirit
33 % Say it's quiet
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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Apartments for Rent
Homes for sale near 1641 Locust Ave
Off Market Homes Near 1641 Locust Ave

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-10 02:08:51 PDT 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 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
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-10 02:08:51 PDT 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 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