This property has assumable financing at a great rate, value add, low rents, large unit mix, performing tenants, and a motivated seller who is open to carry the loan/seller finance the deal. Furthermore, is not contingent upon finding a replacement property. That is the difference from what you see on the market today. The OM is available for review to understand the deal and numbers.
Off market
$1,672,682
1640 Locust Ave, Long Beach, CA 90813
--beds
--baths
6,295sqft
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$266/sqft
$2,262 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 24, 2025 at 03:24pm
Source: CRMLS,MLS#: DW25065291
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,295
- Total interior livable area: 6,295 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 7,423 sqft
- Features: 6-10 Units/Acre
Details
- Parcel number: 7269018015
- Zoning: LBPD29
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Storm Drain(s), Street Lights, Sidewalks
Location
- Region: Long Beach
- Subdivision: North Long Beach (Nlb)
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,Owner Will Carry,Owner May Carry