Under Contract

1025 Locust Avenue

Long Beach, CA 90813
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Bed 0

Bed

Bath 0

Bath

SqFt5,498

Sqft

SqFt7,356

Sqft(Lot)

Don’t miss this rare opportunity to own a turnkey Downtown Cash Cow! We are proud to offer this once in a lifetime 8-Unit Downtown Trophy Asset approximately 1 mile to the Beach, Pier and everything that's wonderful about Long Beach. NO CITYWIDE RENT CONTROL offers savvy landlords countless flexibility. Ideal Location! Location! Located within city’s fast-growing Opportunity Zone, walking distance to Historic Pine Ave, 4th Street’s Retro-Row, restaurants, bike trails, schools, churches, dog park, grocery store and approximately 200 ft to Metro A line train station. 1025 Locust is a picturesque 1920s building, featuring all the qualities and characteristics of classic 20th century architecture – boasting magnificent woodwork, built-in cabinetry, high ceilings, crown moldings, expansive floo r plans with an abundance of natural light and great curb appeal. “Pride of Ownership” is evident. Recent interior upgrades include remodeled kitchens and bathrooms, refurbished hardwood flooring, new quartz/granite countertops, new wood plank vinyl flooring, 44 new windows installed in 2021, new fixtures, custom two-tone paint and AC window cooling. Recent exterior upgrades include: New common area plank flooring, New landscaping, exterior paint and trim, new garage/auto door, and concrete driveway. The units are much larger than many of the nearby apartment units. The oversized 3-room studios include galley style kitchens with counter to ceiling cabinets, walk-in closets and the extremely large 1 bedrooms offer full-size kitchens, walk-in showers, bathtubs and a service porch. Additional investor notables: spacious backyard area and four garages offer great duplex ADU building potential; new statewide density and parking requirements for multi-units near mass transit offers similar development upside as 97-unit 1112 Locust apartment building; improve best use of 5,498 sq. ft building space to double current bedroom count or increase income immediately with fully furnished apartments similar to current AirBnB Apt. #6. Don’t miss this rare opportunity to own a turnkey Cash Cow and a legacy of authentic history while taking full advantage of endless income growth. Seller MOTIVATED!!

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,795,000

AD Id : 76271378

MLS Id : PW26059508

Lot Size : 7,356 Sqft

Living Area Size : 5,498

Year Built : 1923

Garage : 4

County : Los Angeles

Subdivision: Fallbrook

  • Map Map

Map

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Map Nearby Areas

Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Composition,Flat Interior Features: Ceiling Fan(s),Crown Molding,Recessed Lighting Windows: Double Pane Windows Property Appliances: Gas Cooktop,Gas Oven,Gas Range,Microwave,Refrigerator Fireplace: Family Room Flooring: Carpet,Tile,Vinyl,Wood
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Wall Furnace Has Heating

    Fireplace

    Fireplace Features: Family Room Has Fireplace: 1

  • Building Information

    Year Built: 1923 Building Area Total: 5,498 Roof: Composition,Flat
  • Foundation

    Raised

    Security Features

    Carbon Monoxide Detector(s),Smoke Detector(s)
  • Pool Features

    None

    Laundry Features

    None

    Fencing

    Wood

  • Lot Details

    Lot Dimensions Source: Assessor Lot Size Acres: 0.1689 Lot Size Dimensions: 49 x 151
  • Lot Size Source: Assessor Lot Size Square Feet: 7356

  • Listing Price Information

    Original List Price: 1,795,000 Listing Contract Date: 2026-03-18
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7273006014

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: 4 - Downtown Area, Alamitos Beach Postal Code Plus 4: 3260 Directions: Cross street: 10th street & Pacific Ave Zoning: LBR4N Source Property Type: Residential Income Area: 4 - Downtown Area, Alamitos Beach Property SubType: Mixed Use
  • Building and Construction

    Property Age: 103 Common Walls: No Common Walls Property Condition: Updated/Remodeled Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1036 Cherry Avenue, Long Beach, CA, 90813 $2,350,000 10 -- 4,722 4,722 SqFt
1081 Cherry Avenue, Long Beach, CA, 90813 $1,100,000 2 -- 2,773 2,773 SqFt
1735 E 10th Street, Long Beach, CA, 90813 $3,047,700 22 -- 10,253 10,253 SqFt
1050 Gaviota, Long Beach, CA, 90813 $4,500,000 -- -- 12,928 12,928 SqFt
1419 E 15th, Long Beach, CA, 90813 $995,000 -- -- 2,292 2,292 SqFt
755 Gaviota Avenue, Long Beach, CA, 90813 $2,950,000 -- -- 6,640 6,640 SqFt
933 Walnut Avenue, Long Beach, CA, 90813 $980,000 3 2 1,312 1,312 SqFt
1056 Hoffman, Long Beach, CA, 90813 $1,599,999 6 6 2,560 2,560 SqFt
1720 Cerritos Avenue, Long Beach, CA, 90813 $2,100,000 -- -- 6,074 6,074 SqFt
1377 Warren Avenue, Long Beach, CA, 90813 $1,627,000 4 -- 4,944 4,944 SqFt

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ByOwner last updated this listing 06/09/2026 @ 21:51

MLS: PW26059508 LISTED BY: Cameron Jacques, Kinnery's Brokerage House 562-800-0838 SOURCE: CRMLS

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