This well-maintained 4-unit income property presents a strong opportunity for investors seeking stable, long-term rental income. The building features four units with functional layouts that provide comfortable living spaces and consistent tenant appeal.
The property is currently occupied by some long-term tenants and tenants within the last three years, offering immediate and reliable income with a proven rental history. Their extended tenancy reflects the overall desirability and stability of the property.
Public Street parking for the property is available on the street directly in front of the building, providing convenient access for residents and guests.
Located in a high-demand rental area of Long Beach, the property is close to schools, shopping, public transportation, and major freeways, making it attractive to a wide range of tenants.
Overall, this is a solid multi-unit investment with dependable income, minimal turnover, and strong long-term upside in a desirable market.
For sale
Listed by: Circle Real Estate • Javier Alvarez • Contact: 562-521-9022
$1,125,000
1564 Locust Ave, Long Beach, CA 90813
6beds
4baths
3,458sqft
Quadruplex
Built in 1963
-- sqft lot
$1,104,100 Zestimate®
$325/sqft
$-- HOA
What's special
- 98 days |
- 102 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Javier Alvarez DRE #01882629 562-318-4021,
Circle Real Estate
Source: CRMLS,MLS#: PW26065029
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: None
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,458
- Total interior livable area: 3,458 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
- Spa features: None
- Fencing: Wrought Iron
Lot
- Size: 3,011 Square Feet
- Features: Walkstreet
Details
- Parcel number: 7269017033
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Copper Plumbing
- Roof: Flat
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Not Available, Phone Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Biking, Curbs, Gutter(s), Sidewalks
- Subdivision: Poly High (Ph)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $325/sqft
- Tax assessed value: $389,353
- Annual tax amount: $5,844
- Date on market: 3/25/2026
- Cumulative days on market: 98 days
- Listing terms: Conventional
- Total actual rent: 7600
- Tenant pays: Electricity, Gas, Trash Collection
Estimated market value
$1,104,100
$1.05M - $1.16M
$2,746/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2026 | Listed for sale | $1,125,000$325/sqft |
Source:  CRMLS #PW26065029 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,844 +5.1% | $389,353 +2% |
| 2024 | $5,563 +1.8% | $381,720 +2% |
| 2023 | $5,463 +6.2% | $374,237 +2% |
| 2022 | $5,144 +2.5% | $366,900 +2% |
| 2021 | $5,018 +0.3% | $359,707 +1% |
| 2020 | $5,004 | $356,019 +2% |
| 2019 | $5,004 +4.5% | $349,039 +2% |
| 2018 | $4,789 | $342,196 +2% |
| 2017 | $4,789 +1.1% | $335,488 +2% |
| 2016 | $4,738 +7.8% | $328,911 +1.5% |
| 2015 | $4,395 +4.2% | $323,971 +2% |
| 2014 | $4,219 | $317,626 +2.5% |
| 2012 | -- | $309,993 +2% |
| 2011 | -- | $303,915 +0.8% |
| 2010 | -- | $301,645 -0.2% |
| 2009 | -- | $302,362 +2% |
| 2008 | -- | $296,434 +2% |
| 2007 | -- | $290,623 +2% |
| 2006 | -- | $284,925 |
| 2005 | -- | $284,925 +4% |
| 2004 | -- | $273,863 +1.9% |
| 2003 | -- | $268,845 +2% |
| 2002 | -- | $263,575 +4% |
| 2000 | -- | $253,342 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Washington School
Nearby schools
GreatSchools rating
- 5/10Roosevelt Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Polytechnic High SchoolGrades: 9-12Distance: 0.4 mi
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- California
- Los Angeles County
- Long Beach
- 90813
- Washington School
- 1564 Locust Ave
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