1775 Locust Ave, Long Beach, CA 90813
List Price: $2,149,000
On market
On marketMay 27, 20257,176 sqft19 beds9 baths
Listed by: Jonathan Swire
License #: 01336277
Phone #: 310-948-2631
The Agency
Source:
MLS #: 25543763
Property Description
PRICE REDUCED $50K. Currently a 9.4 GRM and 6.8% CAP with upside to a 8.4 GRM and 8.0% 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. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$30,282
TurboHome Estimated Value
$2,083,900
$290 sqft
High Valuation
$2,188,095
$305/sqft
Normal Valuation
$2,083,900
$290/sqft
Low Valuation
$1,979,705
$276/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $290/sqft | $2,083,900 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: Wrigley
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Comparative Value
$2.15M
$2.55M
1775 Locust Ave, Long Beach, CA 90813
List Price: $2,149,000
Subject Property
1470 Elm Ave, Long Beach, CA 90813
Sale Price: $2,549,000
Selected Comparable
Neighborhood Comps
Subject Property
SUBJECT1775 Locust Ave, Long Beach, CA 90813
List: $2,149,000
Listed: 5/27/2025
Area:7,176 sqft
Price/sqft:$299
Beds:19
Baths:9
Year Built:—
Lot Size:7,509
Comparable Properties
COMPARABLEChoose comps
1470 Elm Ave, Long Beach, CA 90813
Sale: $2,549,000
4/25/2025 • 0.37 mi
Area:6,678 sqft
Price/sqft:$382
Beds:19
Baths:10
Year Built:—
Weight:100.0%
Subject Property
SUBJECT| Image | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1775 Locust Ave, Long Beach, CA 90813 | $2,149,000 | 7,176 | $299 | 7,509 | — | 5/27/2025 | 19 | 9 | — | — |
Comparable Properties
COMPARABLEChoose comps
| Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1470 Elm Ave, Long Beach, CA 90813 | $2,549,000 | 6,678 | $382 | 7,596 | 0.37 mi | 4/25/2025 | 19 | 10 | — | 100.0% |
Nearby Listings
1 similar properties within 5 miles
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