This property has assumable financing at a great rate, value add, low rents, large unit mix, performing tenants, and a motivated seller who is open to carry the loan/seller finance the deal. Furthermore, is not contingent upon finding a replacement property. That is the difference from what you see on the market today. The OM is available for review to understand the deal and numbers.
For sale
Listing Provided by:
Aaron Soliz DRE #02042691 562-201-3612,
eXp Realty of Greater L.A
$1,875,000
1640 Locust Ave, Long Beach, CA 90813
--beds
--baths
6,295sqft
Est.:
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$298/sqft
$-- HOA
What's special
- 77 days
- on Zillow |
- 61 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: May 23, 2025 at 04:22pm
Listing Provided by:
Aaron Soliz DRE #02042691 562-201-3612,
eXp Realty of Greater L.A
Source: CRMLS,MLS#: DW25065291
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSTravel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,295
- Total interior livable area: 6,295 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 7,423 Square Feet
- Features: 6-10 Units/Acre
Details
- Parcel number: 7269018015
- Zoning: LBPD29
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Storm Drain(s), Street Lights, Sidewalks
- Subdivision: North Long Beach (Nlb)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $298/sqft
- Tax assessed value: $1,672,682
- Annual tax amount: $22,286
- Date on market: 3/25/2025
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,Owner Will Carry,Owner May Carry
- Tenant pays: See Remarks
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