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$1,299,000

2015 Locust Ave Long Beach, CA 90806

0.1 acres
Multi-Family

Property details

About 2015 Locust Ave

We are proud to present 2015 Locust Avenue, a four-unit multifamily property located in the Wrigley neighborhood of Long Beach. Just north of Downtown and minutes from the 710 and 405 freeways, Wrigley offers residents convenient access to major employment centers, Long Beach City College, and the Metro A Line light rail. The neighborhood’s central location and strong rental demand make this asset ideal for investors seeking stability and long-term appreciation in a growing Long Beach submarket. Situated on a 4,750 SF lot, the property offers 3,199 SF of rentable space and features a desirable unit mix of one (1) three-bedroom, one-bath unit; one (1) two-bedroom, one-bath unit; and two (2) one-bedroom, one-bath units—one of which is currently vacant, providing immediate upside. Significant recent upgrades include exterior paint, new roof and gutters, garage doors, staircase rebuild, and one fully renovated unit in 2025. Additional improvements in prior years include new windows, plumbing updates, tankless water heaters, new fencing, and full or partial renovations of three other units, minimizing future capex needs for a new owner. 2015 Locust Avenue is an ideal opportunity for an investor to acquire a turnkey asset with strong in-place income of $104,820 per year and clear value-add potential. The vacant one-bedroom unit offers immediate lease-up upside, while below-market rents in the occupied units present a path for long-term growth. An on-site laundry room—currently not in use—offers a simple way to add tenant convenience and generate additional monthly income. This is a well-located, income-producing asset poised to perform in one of Long Beach’s most accessible submarkets.

Highlights

Home typeQuadruplex
StatusActive
Lot size0.109 Acres
Year built1937
MLS #SB25149560
Garage2 spaces

Summary

  • Garage Space: 2 spaces
  • Private Pool: No
  • List Price: $1,299,000
  • Annual Tax Amount: $11,040
  • Tax Year: 2024
  • Lot: Rectangular Lot
  • Directions: Locust Ave and 20th St
  • Year Built: 1937
  • Stories: 2
  • Lot Size: 0.109 Acres
  • MLS Number: SB25149560
  • MLS Name: CRMLS
  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (714) 655-0098
  • Listing Agent: Christopher Van Vuuren

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: 7/8/2025, 7:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Sep 11, 2018
Home Sold
$750,000
Sep 29, 1995
Home Sold
$125,000
Sep 21, 1989
Home Sold
$121,500
Sep 21, 1989
Home Sold
$260,000

Tax history

YearAssessmentProperty Tax
2024$820,228$11,040
2023$804,147$10,851
2022$788,381$10,195
2021$772,924$9,981
2020$765,000$9,839
2019$750,000$3,548
2018$239,426$3,511
2017$234,733$3,511

History based on county public records data.

Nearby schools

4

Smith Elementary School

Public District KG-5

0.4 mi

565 E Hill St

6

Roosevelt Elementary School

Public District KG-5

0.6 mi

1574 Linden Ave

5

Lafayette Elementary School

Public District KG-5

0.6 mi

2445 Chestnut 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 $24,207. Typical income of Long Beach, CA residents is less than $<35k annually. Residents typically live in single, with kids family. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

67%
<35k
30%
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?

32%
Single, No Kids
35%
Single, with Kids
8%
Married, No Kids
25%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

22%
<11 yrs old
13%
12-17 yrs old
28%
18-34 yrs old
33%
35-64 yrs old
4%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

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

Where do the neighbors go to eat?

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

What do the neighbors drive?

  • NissanNissan
  • DodgeDodge
  • HondaHonda

What do the neighbors listen to?

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

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Frequently asked questions

About 2015 Locust Ave

The listing price of 2015 Locust Ave property is $1,299,000.

The property 2015 Locust Ave is a multi located in Long Beach, California, 90806.

Active Listing: 2015 Locust Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 2015 Locust Ave are: Smith Elementary School (GreatSchools Rating 4/10), Roosevelt Elementary School (GreatSchools Rating 6/10), Lafayette Elementary School (GreatSchools Rating 5/10), Washington Middle School (GreatSchools Rating 3/10), Robinson K - 8 Academy (GreatSchools Rating 4/10), Jessie E. Nelson Academy (GreatSchools Rating 4/10), Educational Partnership High School (GreatSchools Rating 2/10), Intellectual Virtues Academy (GreatSchools Rating 5/10), Polytechnic High School (GreatSchools Rating 6/10).

According to the records, the last property tax for 2024 is $11,040 (source: MLS/based on county public records data).

The last sale was on September 11, 2018 for $750,000 (source: MLS/tax record).

The year of construction for 2015 Locust Ave is 1937.

This home is located at 2015 Locust Ave in Long Beach, CA and zip code 90806 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 8, 2025 and is currently priced at $1,299,000.

Over 73 listings were sold over their listed price in June 2025 in Long Beach, CA. In the same period over 90 listings were sold below the listed price and 33 listings were sold for the listed price. The number of listings in Long Beach, CA increased by 4.8% between May and June 2025. In June 2025, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $836,224.

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

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