1564 Locust, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This Well-Maintained Quadruplex represents a Prime Investment Opportunity with a List Price of $1,125,000—positioned well below the $1,181,197 Fair Market Value by 4%. This valuation gap offers $56,197 in Instant Equity for the incoming owner. The asset maintains a Fair Condition Rating, supported by a stable rental history and long-term tenants. Located within walking distance of Roosevelt Elementary and Polytechnic High School, the property benefits from high tenant demand. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a reliable income-producing asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1564 Locust Subject | $1,125,000* List Price | 0 | 0 | 3,458 | $342 | - |
A 717 E 8th Sold | $1,020,125 | 0 | 0 | 3,432 | $297 | 0.8 mi |
B 1364 Cherry Sold | $970,000 | 0 | 0 | 2,544 | $381 | 0.4 mi |
C 817 E New York Sold | $1,150,000 | 0 | 0 | 3,076 | $374 | 0.5 mi |
D 911 E 10th Street Sold | $1,072,000 | 0 | 0 | 3,200 | $335 | 0.7 mi |
E 757 759 N Loma Vista Active | $1,288,888 List Price | 0 | 0 | 3,500 | $368 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1963 and, while described as well-maintained, it shows signs of its age consistent with the 'fair' category. The exterior stucco and flat roof appear functional but dated. The listing lacks interior images of the kitchens and bathrooms, but the description of 'functional layouts' and 'long-term tenants' typically indicates older, non-renovated interiors that have been maintained through regular upkeep rather than modern updates. It meets the criteria of being over 20 years old with no evidence of major recent renovations.
The property features a proven rental history with long-term tenants, providing immediate and reliable cash flow for investors seeking a turnkey income opportunity.
Located within walking distance of Roosevelt Elementary, Washington Middle, and Polytechnic High School, the property is ideally positioned to attract and retain family-oriented tenants.
As a well-maintained quadruplex in a high-demand Long Beach rental market, this property offers strong long-term appreciation potential and minimal turnover.
The property relies exclusively on public street parking, which can be a significant drawback for tenants in high-density areas where parking is often competitive.
With a lot size of only 3,011 square feet for a 3,458 square foot building, there is very little outdoor space or potential for future expansion such as ADU additions.
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.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,458 | 2,544 | 80% |
| Lot Size | 3,011 | 5,200 | 13% |
| Price | $1.12M | $1.02M | 67% |
| Price per sq ft | $325 | $381 | 20% |
| Built year | 1963 | 1923 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 164 | 7% |
Mar 25, 2026
$1,125,000
Initial Listing