$10,000

closing credit¹

1013 Locust Ave Long Beach, CA 90813

$1,675,000
0.2 acres
Condo

Property details

About 1013 Locust Ave

This is the high cash flow turn key multi-family you have been looking for! Every one of these units have been beautifully remodeled and all have their own private laundry! The rear building has had extensive updates and consist of 4 units offering refinished hardwood floors in some units while others have new water resistant laminate. Other upgrade includes new bathrooms, upgraded plumbing, lovely updated vintage kitchens loads of storage, mud rooms with rear exits and each with their own private laundry hook ups, new light fixtures, stainless appliances installed and much more! All located on a huge lot with large common area for tenants. The front duplex is stunning with a huge owner's unit that is absolutely incredible!! Offering soaring coved ceilings, stunning formal dining room with grand bay window and original huge with pocket doors! The gigantic formal living/family room has to bee seen with faux fireplace with all original built in book shelves. There is even a grand formal entry, gorgeous kitchen that is stunning to say the least with solid surface counter tops, amazing light fixtures offering many new upgrades but some original built-in cabinets remain. There are 2 bedrooms one leading out to a really cool private side patio exclusive to the unit and the other bedroom is on the second floor with an enormous walk in closet with access to an huge attic space and 1.5 baths total! The main floor bathroom is enormous and has been fully remodeled. The duplex has a new roof installed and the rear 4 unit has had white coating with a 5 year warranty for added heat prevention. There is a 1 stall detached garage currently used as storage that has the preliminary approval for an ADU conversion, and the finished plans will be provided to the Buyer! Also, the very unique PD-30 zoning on this particular property could allow you to possibly add MANY more units in the future! (Buyer to verify independently) Truly the possibilities are endless or keep it as it is making great cash flow! All units are separately metered for gas and electric. (All photos were taken after remodel and before tenants moved in, condition may vary)

Highlights

Home typeCondominium
HeatingFloor Furnace, Wall Furnace
StatusActive
Lot size0.1728 Acres
Year built1905
MLS #PW24110123
Garage1 space

Summary

  • MLS Number: PW24110123
  • MLS Name: CRMLS
  • Office Name: The Mohler Real Estate Group
  • Office Phone: (562) 505-7953
  • Listing Agent: Shawn Mohler

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 2:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front facade featuring a front yard

$1,675,000

1013 Locust Ave

$10,000

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Jul 18, 2022
Home Sold
$1,450,000

Tax history

YearAssessmentProperty Tax
2024$1,479,770$19,591
2023$1,450,770$19,258
2022$1,235,233$15,907
2021$1,122,269$14,468
2020$312,550$4,802
2019$306,423$4,617
2018$300,415$4,568
2017$294,525$4,568

History based on county public records data.

Nearby schools

5

Oropeza Elementary School

Public District KG-5

0.2 mi

700 Locust Ave

6

Roosevelt Elementary School

Public District KG-5

0.6 mi

1574 Linden Ave

5

Robert Louis Stevenson Elementary School

Public District KG-5

0.6 mi

515 Lime Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $35,205. The most common annual income of people living in Long Beach, CA is less than $<35k. Most families are single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

50%
<35k
47%
35k-100k
3%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

39%
Single, No Kids
25%
Single, with Kids
9%
Married, No Kids
27%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

23%
<11 yrs old
11%
12-17 yrs old
30%
18-34 yrs old
33%
35-64 yrs old
3%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Foot LockerFoot Locker
  • H&MH&M
  • Ross Dress For LessRoss Dress For Less

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • Boston MarketBoston Market
  • Jack In The BoxJack In The Box

What do the neighbors drive?

  • DodgeDodge
  • HondaHonda
  • NissanNissan

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1013 Locust Ave

This home is located at 1013 Locust Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 1, 2024 and is currently priced at $1,675,000.

In December 2024, from all listings sold in Long Beach, CA there were more than 60 sold above asking price, over 58 sold below and more than 30 were sold right at the asked price. The inventory of homes for sale in Long Beach, CA between November and December 2024 decreased by 12%. In December 2024 median list price was $824,872 and the average listing age was 37 days.

From Rocket Homes Real Estate and based on county public records data.

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