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Property view

2015 Locust Avenue, 
Long Beach, CA 90806

$1,256,040


Bed


Bath


3,199

Sq Ft


Multi-Family

Sold

Listed by

Christopher Van Vuuren

Bought with Compass

Lyon Stahl Investment Real Estate, Inc.

310-425-9838

MLS#

SB25149560

Source:

CRMLS

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About This Home

2015 Locust Avenue

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.

Home Facts

Multi-Family

Built in 1937

Price Summary

1,299,000

$406 per Sq. Ft.

MLS #:

SB25149560

Sold:

August 26, 2025


Rooms & Interior

Interior

Living Area:

3,199 Sq. Ft.


Structure

Structure

Building Area:

3,199 Sq. Ft.

Year Built:

1937


Lot

Lot Size (Sq. Ft):

4,748


Finances & Disclosures

Finances

Price:

$1,299,000

Price per Sq. Ft:

$406 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Dynasty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Dynasty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.