1025 Locust Ave

$1,875,000
Price
4
Beds
8
Baths
5,498 Sq. Ft.
$341 / Sq. Ft.
5,498
Sq. Ft.
$341
per Sq. Ft.

Description

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,...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 floor 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!
  1. Listed by Cameron Jacques • DRE #01852032 • Brokerage DRE #02061504 • Kinnery's Brokerage House • 310-490-8134

Property Details for 1025 Locust Avenue

Architectural Style
Cape Cod
View
Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 12/09/2025 05:58 AM

Property Details for 1025 Locust Avenue

StatusActive
MLS #PW25270914
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1923
Lot Size0.17 AC / 7,356 SF
CountyLos Angeles County

Location

Listing Courtesy of Kinnery's Brokerage House, Cameron Jacques, DRE #01852032
Add your commute

Building Information for 1025 Locust Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.17 AC / 7,356 SF

Payment Calculator

$10,883 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,265

Property Taxes

$1,618

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1025 Locust Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $177,600
  • Gross Scheduled Income: $180,600
  • Vacancy Allowance: 3612
  • Gross Operating Income: $176,988
  • Net Operating Income: $120,402
  • Garage Income: $5,220
  • Gross Multiplier: 10.38
  • Cap Rate: 6.43
Expense Details
  • Operating Expense: $56,586
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $56,586
Tax / Assessment Info
  • Tax Tract Number: 5763.01
  • Tax Census Tract: 5763.01
  • Tax Lot: 17
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Curbs, Golf, Gutters, Park, Watersports, Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range, Gas Cooktop, Microwave, Refrigerator
  • Equipment: Microwave, None, Refrigerator
  • Interior Features: Ceiling Fan(s), Crown Molding, Recessed Lighting
  • Room Type: Kitchen, Living Room
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: Family Room
  • Fireplace Rooms: Family Room
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Carpet, Tile, Vinyl, Wood
  • Flooring: Carpet, Tile, Vinyl, Wood
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Roof: Composition, Flat
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Raised
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Back Yard, Rectangular Lot, Walkstreet, Yard
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Downtown
  • Builders Tract Code: Downtown (DT)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,625
  • Unit Type Total Rent: $19,500
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,585
  • Unit Type Total Rent: $19,020
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,885
  • Unit Type Total Rent: $22,620
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $21,600
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,925
  • Unit Type Total Rent: $23,100
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $21,540
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 8
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1025 Locust Avenue

DateEvent & SourcePriceAppreciation
Dec 5, 2025

Listed (Active)

CRMLS #PW25270914

$1,875,000
Dec 4, 2025

Listed (Active)

CLAW #PW25270914MR

$1,875,000
Nov 28, 2025

Withdrawn / Cancelled

CLAW #PW25225333MR

Nov 28, 2025

Withdrawn / Cancelled

CRMLS #PW25225333

$1,865,000
Nov 24, 2025

Price Change

CLAW #PW25225333MR

$1,865,000
Nov 4, 2025

Price Change

CLAW #PW25225333MR

$1,875,000
Nov 4, 2025

Price Change

CRMLS #PW25225333

$1,875,000
Sep 26, 2025

Listed (Active)

CRMLS #PW25225333

$1,895,000
Sep 25, 2025

Listed (Active)

CLAW #PW25225333MR

$1,895,000
Sep 23, 2025

Withdrawn / Cancelled

CLAW #PW25177968MR

Sep 23, 2025

Withdrawn / Cancelled

CRMLS #PW25177968

$1,915,000
Sep 22, 2025

Price Change

CLAW #PW25177968MR

$1,915,000
Sep 15, 2025

Price Change

CLAW #PW25177968MR

$1,925,000
Sep 15, 2025

Price Change

CRMLS #PW25177968

$1,925,000
Aug 19, 2025

Price Change

CLAW #PW25177968MR

$1,935,000
Aug 19, 2025

Price Change

CRMLS #PW25177968

$1,935,000
Aug 7, 2025

Listed (Active)

CRMLS #PW25177968

$1,995,000
Aug 7, 2025

Listed (Active)

CLAW #PW25177968MR

$1,995,000
Feb 11, 2025

Withdrawn / Cancelled

CLAW #PW24230683MR

Feb 11, 2025

Withdrawn / Cancelled

CRMLS #PW24230683

$1,925,000
Feb 7, 2025

Price Change

CLAW #PW24230683MR

$1,925,000
Jan 20, 2025

Price Change

CLAW #PW24230683MR

$1,950,000
Jan 20, 2025

Price Change

CRMLS #PW24230683

$1,950,000
Jan 9, 2025

Price Change

CLAW #PW24230683MR

$1,975,000
Jan 9, 2025

Price Change

CRMLS #PW24230683

$1,975,000
Nov 11, 2024

Listed (Active)

CRMLS #PW24230683

$2,000,000
Nov 9, 2024

Listed (Active)

CLAW #PW24230683MR

$2,000,000
Mar 6, 2024

Expired

CRMLS #PW24003296

$2,399,000
Mar 5, 2024

Withdrawn / Cancelled

CRMLS #PW24003296

Mar 5, 2024

Expired

CLAW #PW24003296MR

$2,399,000
Mar 5, 2024

Withdrawn / Cancelled

CLAW #PW24003296MR

Feb 27, 2024

Price Change

CRMLS #PW24003296

$2,399,000
Feb 14, 2024

Price Change

CLAW #PW24003296MR

$2,299,000
Feb 14, 2024

Price Change

CRMLS #PW24003296

$2,299,000
Jan 8, 2024

Listed (Active)

CRMLS #PW24003296

$2,350,000
Jan 8, 2024

Listed (Active)

CLAW #PW24003296MR

$2,350,000
Nov 20, 2023

Withdrawn / Cancelled

CRMLS #23320001

$2,400,000
Nov 20, 2023

Withdrawn / Cancelled

CLAW #23-320001

Nov 17, 2023

Price Change

CLAW #23-320001

$2,400,000
Nov 8, 2023

Price Change

CLAW #23-320001

$2,500,000
Nov 8, 2023

Price Change

CRMLS #23320001

$2,500,000
Oct 30, 2023

Price Change

CLAW #23-320001

$2,549,000
Oct 30, 2023

Price Change

CRMLS #23320001

$2,549,000
Oct 24, 2023

Price Change

CRMLS #23320001

$2,600,000
Oct 24, 2023

Price Change

CLAW #23-320001

$2,600,000
Oct 13, 2023

Price Change

CRMLS #23320001

$2,649,000
Oct 13, 2023

Price Change

CLAW #23-320001

$2,649,000
Oct 11, 2023

Listed (Active)

CLAW #23-320001

$2,750,000
Oct 11, 2023

Listed (Active)

CRMLS #23320001

$2,750,000
Sep 5, 2017

Sold

SDMLS #PW17202335

$1,230,000
Sep 5, 2017

Sold

CLAW #PW17202335MR

$1,230,000
Sep 5, 2017

Sold

CRMLS #PW17202335

$1,230,000
Sep 2, 2017

Pending

CLAW #PW17202335MR

Sep 2, 2017

Pending

CRMLS #PW17202335

Aug 30, 2017

Listed (Active)

SDMLS #PW17202335

$1,250,000
Aug 30, 2017

Listed (Active)

CRMLS #PW17202335

$1,250,000
Aug 30, 2017

Listed (Active)

CLAW #PW17202335MR

$1,250,000
Aug 29, 2017

Sold (Public Record)

Public Record #604541212

$1,230,000

+17.5% / yr

Jul 16, 2014

Sold

CLAW #PW13203529MR

$720,000
Jul 16, 2014

Sold

CRMLS #PW13203529

$720,000
May 6, 2014

Sold (Public Record)

Public Record #420059573

$720,000
Apr 4, 2014

Pending

CRMLS #PW13203529

Apr 4, 2014

Pending

CLAW #PW13203529MR

Mar 27, 2014

Listed (Active)

CRMLS #PW13203529

$750,000
Mar 27, 2014

Listed (Active)

CLAW #PW13203529MR

$750,000
Mar 19, 2014

Hold

CRMLS #PW13203529

Mar 19, 2014

Listed (Active)

CRMLS #PW13203529

Jan 2, 2014

Hold

CRMLS #PW13203529

Nov 21, 2013

Listed (Active)

CRMLS #PW13203529

DateEvent & SourcePrice
12/05/2025

Listed (Active)

CRMLS #PW25270914

$1,875,000
12/04/2025

Listed (Active)

CLAW #PW25270914MR

$1,875,000
11/28/2025

Withdrawn / Cancelled

CLAW #PW25225333MR

11/28/2025

Withdrawn / Cancelled

CRMLS #PW25225333

$1,865,000
11/24/2025

Price Change

CLAW #PW25225333MR

$1,865,000
11/04/2025

Price Change

CLAW #PW25225333MR

$1,875,000
11/04/2025

Price Change

CRMLS #PW25225333

$1,875,000
09/26/2025

Listed (Active)

CRMLS #PW25225333

$1,895,000
09/25/2025

Listed (Active)

CLAW #PW25225333MR

$1,895,000
09/23/2025

Withdrawn / Cancelled

CLAW #PW25177968MR

09/23/2025

Withdrawn / Cancelled

CRMLS #PW25177968

$1,915,000
09/22/2025

Price Change

CLAW #PW25177968MR

$1,915,000
09/15/2025

Price Change

CLAW #PW25177968MR

$1,925,000
09/15/2025

Price Change

CRMLS #PW25177968

$1,925,000
08/19/2025

Price Change

CLAW #PW25177968MR

$1,935,000
08/19/2025

Price Change

CRMLS #PW25177968

$1,935,000
08/07/2025

Listed (Active)

CRMLS #PW25177968

$1,995,000
08/07/2025

Listed (Active)

CLAW #PW25177968MR

$1,995,000
02/11/2025

Withdrawn / Cancelled

CLAW #PW24230683MR

02/11/2025

Withdrawn / Cancelled

CRMLS #PW24230683

$1,925,000
02/07/2025

Price Change

CLAW #PW24230683MR

$1,925,000
01/20/2025

Price Change

CLAW #PW24230683MR

$1,950,000
01/20/2025

Price Change

CRMLS #PW24230683

$1,950,000
01/09/2025

Price Change

CLAW #PW24230683MR

$1,975,000
01/09/2025

Price Change

CRMLS #PW24230683

$1,975,000
11/11/2024

Listed (Active)

CRMLS #PW24230683

$2,000,000
11/09/2024

Listed (Active)

CLAW #PW24230683MR

$2,000,000
03/06/2024

Expired

CRMLS #PW24003296

$2,399,000
03/05/2024

Withdrawn / Cancelled

CRMLS #PW24003296

03/05/2024

Expired

CLAW #PW24003296MR

$2,399,000
03/05/2024

Withdrawn / Cancelled

CLAW #PW24003296MR

02/27/2024

Price Change

CRMLS #PW24003296

$2,399,000
02/14/2024

Price Change

CLAW #PW24003296MR

$2,299,000
02/14/2024

Price Change

CRMLS #PW24003296

$2,299,000
01/08/2024

Listed (Active)

CRMLS #PW24003296

$2,350,000
01/08/2024

Listed (Active)

CLAW #PW24003296MR

$2,350,000
11/20/2023

Withdrawn / Cancelled

CRMLS #23320001

$2,400,000
11/20/2023

Withdrawn / Cancelled

CLAW #23-320001

11/17/2023

Price Change

CLAW #23-320001

$2,400,000
11/08/2023

Price Change

CLAW #23-320001

$2,500,000
11/08/2023

Price Change

CRMLS #23320001

$2,500,000
10/30/2023

Price Change

CLAW #23-320001

$2,549,000
10/30/2023

Price Change

CRMLS #23320001

$2,549,000
10/24/2023

Price Change

CRMLS #23320001

$2,600,000
10/24/2023

Price Change

CLAW #23-320001

$2,600,000
10/13/2023

Price Change

CRMLS #23320001

$2,649,000
10/13/2023

Price Change

CLAW #23-320001

$2,649,000
10/11/2023

Listed (Active)

CLAW #23-320001

$2,750,000
10/11/2023

Listed (Active)

CRMLS #23320001

$2,750,000
09/05/2017

Sold

SDMLS #PW17202335

$1,230,000
09/05/2017

Sold

CLAW #PW17202335MR

$1,230,000
09/05/2017

Sold

CRMLS #PW17202335

$1,230,000
09/02/2017

Pending

CLAW #PW17202335MR

09/02/2017

Pending

CRMLS #PW17202335

08/30/2017

Listed (Active)

SDMLS #PW17202335

$1,250,000
08/30/2017

Listed (Active)

CRMLS #PW17202335

$1,250,000
08/30/2017

Listed (Active)

CLAW #PW17202335MR

$1,250,000
08/29/2017

Sold (Public Record)

Public Record #604541212

$1,230,000

+17.5% / yr

07/16/2014

Sold

CLAW #PW13203529MR

$720,000
07/16/2014

Sold

CRMLS #PW13203529

$720,000
05/06/2014

Sold (Public Record)

Public Record #420059573

$720,000
04/04/2014

Pending

CRMLS #PW13203529

04/04/2014

Pending

CLAW #PW13203529MR

03/27/2014

Listed (Active)

CRMLS #PW13203529

$750,000
03/27/2014

Listed (Active)

CLAW #PW13203529MR

$750,000
03/19/2014

Hold

CRMLS #PW13203529

03/19/2014

Listed (Active)

CRMLS #PW13203529

01/02/2014

Hold

CRMLS #PW13203529

11/21/2013

Listed (Active)

CRMLS #PW13203529

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1025 Locust Avenue

Taxable ValueLand$978,530Additions$420,994Total$1,399,524
Tax Record2025$19,416 ($1,618 / month)
Home Facts
Total Finished SqFt5,498 SqFtAbove Grade Finished SqFt5,498 SqFtLot Size7,369 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningLBR4NCountyLOS ANGELESAPN7273-006-014

Schools near 1025 Locust Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1025 Locust Avenue is a mixed use property for sale in Long Beach, CA 90813. This property was listed for sale on December 4, 2025 by Kinnery's Brokerage House, it's currently listed at $1,875,000. It has been on the market for a total of 6 days and was last sold on September 5, 2017. This listing's school district is Long Beach Unified School District. Nearby schools include Roosevelt Elementary School, Washington Middle School and Polytechnic High School. 1025 Locust Avenue is a 4-bed, 8-bath, 5,498 sqft mixed use property built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kinnery's Brokerage House, Cameron Jacques, DRE #01852032

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.