1641 Locust Ave, Long Beach, CA 90813
OFF MARKET
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

  • Map ViewExplore the area around 1641 Locust Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

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

Interior Features

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

Exterior Features

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

Days on Market

Cumulative Days on Market: 89

Property Information

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

Price & Status

Price
List Price: $2,450,000
Status Change & Dates
Off Market Date: Fri Aug 25 2023

Active Status

MLS Status: Closed

Location

Direction & Address
City: Long Beach

Building

Building Area
Building Area: 7020 Square Feet

Community

Community Features: Curbs, Gutter(s), SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 7405 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan

Business

Expense
Tenant Pays: Electricity, Gas, Other

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

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

Additional Information

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

DatePriceEventSource
06/06/2025$2,245,000Sold
CRMLS #CV23068594
08/25/2023$2,450,000PendingCRMLS #CV23068594
07/17/2023$2,450,000PendingToActiveCRMLS #CV23068594
06/29/2023$2,450,000PendingCRMLS #CV23068594
05/30/2023$2,450,000Listed For SaleCRMLS #CV23068594
01/13/2006$1,169,000Sold
N/A

Market trends in Long Beach

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$828K
$11.67K
MoM
Sale-to-List Price
100.0%
Price per sq ft
$654
$16
MoM
Available listings
846
79
MoM
Skip to last item
  • Results are loading
Skip to first item

Property Tax and Assessment

Year2025
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.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 1641 Locust Ave.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

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.
  • Trulia User
    "Great Cleaner uppers! Lots of changes in 50 years. We definatley need to Address the parking thing. "
  • Trulia User
    "We Have Alot of families, Children, & Pets in Our Washington Neighborhood. It Includes About 6, Really Great Picker- uppers here. Also added the occasional tree chained trashcan! I, Would like to see a BLOCK party on Locust! Carnival Style, for the kids. Games, Prizes, Hotdogs, tacos, ect. Would a Before Halloween event, on a block or 2 be permitted? Early Trick or Treat, and carnival games? LOVE IT! "
  • Trulia User
    "large community areas with public parks available at convenience. very nice, quite and warm home feeling. secured and well patrolled"
  • Crystal M.
    "People do not even stop at stop signs when driving. Ppl do not pick up after their dog nor have them on a leash"
  • Miyamoto M.
    "owners do not leach their dogs and sometimes they jump at you besides that they don’t pick up the dog poop and you have a tendency for stepping on it from time to time"

LGBTQ Local Legal Protections

Apartments for Rent

Skip to last item
Skip to first item

Explore by feature - Pet Friendly

Explore by feature - Garage

Explore by feature - Air Conditioning

Explore by feature - Pool

Explore by feature - Washer/dryer

Explore by feature - Outdoor Space

Homes for sale near 1641 Locust Ave

Skip to last item
Skip to first item

Off Market Homes Near 1641 Locust Ave

Skip to last item
Skip to first item
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