$10,000 Closing Credit¹
#24457513, Ben Shirvanian, Listing Office: Shirvan Group Inc
#24468909·
Listing Office: Lyon Stahl Investment Real Estate, Inc.·
Listing Agent: John McCann·
Listing Office Phone: 310-425-9838
$10,000
closing credit¹
1716 Locust Ave Long Beach, CA 90813
$1,725,000 List price
$10,000
Closing credit¹
14 beds
8 baths
4,432 sqft
0.1 acres
$389 / sqft
House
Property details
About 1716 Locust Ave
Nestled in the heart of Long Beach, this eight-unit residential property at 1716 Locust Avenue presents an attractive investment prospect. Strategically positioned just south of PCH, with easy access to both Long Beach Blvd and Pacific Avenue, the property offers convenience and desirability to potential tenants. Built in 1963, the building spans 4,432 square feet on a generously sized 6,144 square foot lot. Comprising a mix of six 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, this property showcases a diverse range of living spaces to accommodate various tenant needs. With a solid rental history, the property consistently generates $14,823 per month and $177,876 annually in rental income. Listed for sale at $1,725,000, the property presents an attractive investment opportunity, boasting nearly a 7% cap rate and a 9.70 Gross Rent Multiplier (GRM). With its combination of location, rental income, and investment potential, this property stands as a promising opportunity for investors seeking to expand their real estate portfolio in Long Beach.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
Size4,432 sqft
Lot size0.1411 Acres
Year built1963
ParkingDriveway
MLS #24468909
Summary
- MLS Number: 24468909
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 425-9838
- Listing Agent: John McCann
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: 2/14/2025, 8:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,725,000
1716 Locust Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 18, 2015 | Home Sold | $920,000 |
| Oct 24, 2011 | Home Sold | $655,000 |
| Apr 13, 2006 | Home Sold | $790,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,085,194 | $14,935 |
| 2023 | $1,063,939 | $14,672 |
| 2022 | $1,043,101 | $13,789 |
| 2021 | $1,022,673 | $13,489 |
| 2020 | $1,011,020 | $13,297 |
| 2019 | $991,197 | $12,908 |
| 2018 | $971,763 | $12,771 |
| 2017 | $952,710 | $12,771 |
History based on county public records data.
Nearby schools
6
Roosevelt Elementary School
Public District KG-5
0.3 mi
•1574 Linden Ave
4
Smith Elementary School
Public District KG-5
0.7 mi
•565 E Hill St
5
Oropeza Elementary School
Public District KG-5
0.9 mi
•700 Locust Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,300. The majority of Long Beach, CA residents have income less than $<35k annually. Residents typically live in single, with kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
55%
<35k
41%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
26%
Single, No Kids
33%
Single, with Kids
8%
Married, No Kids
33%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
12%
12-17 yrs old
32%
18-34 yrs old
30%
35-64 yrs old
2%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
H&M
Foot Locker
Where do the neighbors go to eat?
Jack In The Box
Boston Market
Little Caesars
What do the neighbors drive?
Nissan
Honda
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1716 Locust Ave
This home is located at 1716 Locust Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This 4,432 square foot home, which was built in 1963, sits on a 0.14 acre lot. Features: 14 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since February 11, 2025 and is currently priced at $1,725,000.
In January 2025, from all listings sold in Long Beach, CA there were more than 63 sold above asking price, over 53 sold below and more than 35 were sold right at the asked price. The inventory of homes for sale in Long Beach, CA between December and January 2025 increased by 5.6%. The median list price of listings available in January 2025 was $825,147, while the average time on the real estate market was 42 days.
From Rocket Homes Real Estate and based on county public records data.