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1564 Locust
For Sale $1,125,000
$1,125,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 3,011 Sq Ft
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 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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,125,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1963 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7269017033 |
| MLS # | PW26065029 |
| Property ID | 322702234 |
| Lot Sqft | 3,011 |
| Zoning | Unknown |
| Total Units | 4 |
| Days on Market | 69 |
| Original List Price | $1,125,000 |
| Date Updated | April 10, 2026 |
| Date Created | March 20, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $7,600 | $0 |
| Net Income (Yr) | $ 82,250 |
| Cap Rate | 7.3% |
Listing Provided By
Javier Alvarez an agent of . Lic #01882629
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of April 10, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT