1914 Locust, Long Beach, California 90806, Long Beach, 90806 - 3 bed, 3 bath
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Long Beach, California 90806
This triplex presents a High-Potential Investment Opportunity with a List Price of $949,900—positioned above the $848,505 Fair Market Value. While the property requires significant capital expenditure due to its Condition Rating of 5, the Midtown Specific Plan zoning and transit-oriented location near the Metro A Line offer substantial upside. The 1,844 sqft layout, featuring a 2-bedroom/1-bath and 1-bedroom/1-bath unit mix, provides a strategic foundation for Buy-and-Hold Investors and Developers focused on ADU expansion and long-term rental growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1914 Locust Subject | $949,900* List Price | 3 | 3 | 1,844 | $460 | - |
A 932 E 23rd Street Active | $849,000 List Price | 4 | 3 | 1,900 | $447 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1929, this property shows significant deferred maintenance and requires a full rehab. Interior images reveal unfinished flooring, dated bathrooms with basic fixtures, and missing electrical covers. The listing description's emphasis on 'repositioning,' 'redevelopment,' and 'as-is' sale confirms the property has safety/structural needs beyond simple cosmetic updates.
Situated in the Midtown Specific Plan area near the Metro A Line, the property benefits from ongoing corridor revitalization and high rental demand due to its proximity to Downtown Long Beach and major transit routes.
The detached garages and rear access provide a prime opportunity for ADU expansion or site repositioning, allowing investors to maximize density and rental income under favorable local zoning.
Featuring two 2-bedroom units and one 1-bedroom unit along with three garages, the property offers a functional layout and rare off-street parking that commands a premium in the Long Beach rental market.
The property is being sold in its current as-is condition, which likely necessitates immediate capital expenditures for repairs, modernization, or addressing deferred maintenance common in 1920s structures.
Built in 1929, the property may require significant upgrades to core systems such as electrical, plumbing, and roofing to meet modern standards and ensure long-term operational efficiency.
1914 Locust Ave presents a compelling opportunity to acquire a well-located three-unit property in the heart of Midtown Long Beach, just moments from the Metro A Line Pacific Coast Highway Station and the area’s ongoing corridor revitalization efforts. The property features an attractive unit mix of two 2-bedroom / 1-bath units and one 1-bedroom / 1-bath unit, along with three detached single-car garages and additional rear parking. Positioned within the Midtown Specific Plan area, the property offers strong potential for investors or developers seeking repositioning, ADU expansion, or future redevelopment opportunities (buyer to verify with the City of Long Beach). The transit-oriented location provides convenient access to Downtown Long Beach, local retail and dining corridors, and major transportation routes throughout Los Angeles and Orange County. The property offers flexibility for a new owner to pursue renovation, leasing, repositioning, or long-term planning objectives. Detached garages and rear access may provide additional utility and site-planning flexibility for future improvements. Whether seeking rental upside or a strategic long-term investment in one of Long Beach’s evolving growth corridors, 1914 Locust Ave offers substantial potential. Property sold as-is. Buyers to independently verify all zoning, development potential, square footage, lot size, permits, and financing suitability.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 0.0 | 67% |
| Baths | 3.0 | 0.0 | 67% |
| Square foot | 1,844 | 2,625 | 17% |
| Lot Size | 5,631 | 6,513 | 33% |
| Price | $949.9K | $1.15M | 33% |
| Price per sq ft | $515 | $434 | 67% |
| Built year | 1929 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 115 | 17% |
May 14, 2026
$949,900
Initial Listing
Nov 13, 2012
$335,000
Public Record
Jan 26, 2005
$479,000
Public Record
Jan 6, 2004
$399,000
Public Record
Sep 24, 2001
$122,500
Public Record