1564 Locust Ave

Long Beach, CA 90813

$1,125,000
Price
6
Beds
4
Baths
3,458 Sq. Ft.
$325 / Sq. Ft.
3,458
Sq. Ft.
$325
per Sq. Ft.
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Description

This well-maintained 4-unit income property presents a strong opportunity for investors seeking stable, long-term rental income. The building features four units with functional layouts that provide comfortable living spaces and consistent tenant appeal. The property is currently occupied by some long-term tenants and tenants within the last three years, offering immediate and reliable income with a proven rental history. Their extended tenancy reflects the overall desirability and stability of the...This well-maintained 4-unit income property presents a strong opportunity for investors seeking stable, long-term rental income. The building features four units with functional layouts that provide comfortable living spaces and consistent tenant appeal. The property is currently occupied by some long-term tenants and tenants within the last three years, offering immediate and reliable income with a proven rental history. Their extended tenancy reflects the overall desirability and stability of the property. Public Street parking for the property is available on the street directly in front of the building, providing convenient access for residents and guests. Located in a high-demand rental area of Long Beach, the property is close to schools, shopping, public transportation, and major freeways, making it attractive to a wide range of tenants. Overall, this is a solid multi-unit investment with dependable income, minimal turnover, and strong long-term upside in a desirable market.
  1. Listed by Javier Alvarez • DRE #01882629 • Brokerage DRE #02051216 • Circle Real Estate • 562-318-4021

Property Details for 1564 Locust Avenue

Architectural Style
Contemporary
Parking Spaces Total
0
Private Pool
No
Cooling Type
None
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3458
LISTING UPDATED: 03/25/2026 11:47 PM

Property Details for 1564 Locust Avenue

StatusActive
MLS #PW26065029
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.07 AC / 3,011 SF
CountyLos Angeles County
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Location

Listing Courtesy of Circle Real Estate, Javier Alvarez, DRE #01882629
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Building Information for 1564 Locust Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.07 AC / 3,011 SF

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$6,152 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,665

Property Taxes

$487

HOA Dues

$0

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Property Information for 1564 Locust Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $91,200
  • Gross Scheduled Income: $91,200
  • Vacancy Allowance: 4560
  • Gross Operating Income: $86,640
  • Net Operating Income: $75,314
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Cap Rate: 6.68
  • Current Financing: None
Expense Details
  • Operating Expense: $11,325
  • Gardener Expense: $720
  • Fuel Expense: $656
  • Electric Expense: $2,592
  • Insurance Expense: $1,200
  • Trash Expense: $200
  • Water Sewer Expense: $1,515
  • Total Expenses: $12,725
Tax / Assessment Info
  • Tax Tract Number: 5754.02
  • CFD/Mello-Roos Fee: $902
  • Tax Lot: 10
Community / Development
Community / Development
  • Community Features: Gutters, Curbs, Biking, Sidewalks
  • Community: Poly High (PH)
Property / Structure Info
Interior Features
  • Interior Features: Copper Plumbing Full
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Roof: Flat
  • Entry Location: Front
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: Walkstreet
  • Direction Faces: West
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Water Available, Sewer Available, Phone Available, Cable Available, Electricity Not Available
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Property / Structure Info
  • Builders Tract Name: Poly High
  • Builders Tract Code: Poly High (PH)
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • 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: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit 2
  • 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: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 1564 Locust Avenue

DateEvent & SourcePriceAppreciation
Mar 25, 2026

Listed (Active)

CRMLS #PW26065029

$1,125,000—
Mar 20, 2026

Listed (Active)

CLAW #PW26065029MR

$1,125,000—
Mar 20, 2026

Listed (Active)

SDMLS #PW26065029

$1,125,000—
DateEvent & SourcePrice
03/25/2026

Listed (Active)

CRMLS #PW26065029

$1,125,000
03/20/2026

Listed (Active)

CLAW #PW26065029MR

$1,125,000
03/20/2026

Listed (Active)

SDMLS #PW26065029

$1,125,000

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

Public Records for 1564 Locust Avenue

Taxable ValueLand$155,738Additions$233,615Total$389,353
Tax Record2025$5,844 ($487 / month)
Home Facts
Total Finished SqFt3,458 SqFtAbove Grade Finished SqFt3,458 SqFtLot Size3,011 SqFtStyleQuadraplexYear Built1963ZoningLBPD29CountyLOS ANGELESAPN7269-017-033

Schools near 1564 Locust Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Roosevelt Elementary School
Public - K to 5
Washington Middle School
Public - 6 to 8
Polytechnic High School
Public - 9 to 12
Educational Partnership High School
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

Educational Partnership High School
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.

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More information about 1564 Locust Avenue, Long Beach, CA 90813

1564 Locust Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on March 20, 2026 by Circle Real Estate, it's currently listed at $1,125,000. This listing's school district is Long Beach Unified School District. Nearby schools include Roosevelt Elementary School, Washington Middle School and Polytechnic High School. 1564 Locust Avenue is a 6-bed, 4-bath, 3,458 sqft multi-family home built in 1963.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Circle Real Estate, Javier Alvarez, DRE #01882629

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.