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1025 Locust Avenue, Long Beach, California 90813, Long Beach, 90813 - bed, bath

1025 Locust Avenue, Long Beach, California 90813 home-pic-0
ACTIVE$1,865,000
1025 Locust Avenue, Long Beach, California 90813
0Bed
0Bath
5,498Sqft
7,356Lot
Year Built
1923
Close
-
List price
$1.86M
Original List price
$1.9M
Price/Sqft
$339
HOA
-
Days on market
-
Sold On
-
MLS number
PW25225333
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.86M(50th), sqft - 5498(50th), beds - undefined(50th), baths - undefined(50th).

Attention ALL Multi-Family Investors! We are proud to offer this once in a lifetime 8-Unit Downtown Trophy Asset approximately 1 mile to the Beach, Pier and everything that's wonderful about Long Beach. NO CITYWIDE RENT CONTROL offers savvy landlords countless flexibility. Ideal Location! Location! Located within city’s fast-growing Opportunity Zone, walking distance to Historic Pine Ave, 4th Street’s Retro-Row, restaurants, bike trails, schools, churches, dog park, grocery store and approximately 200 ft to Metro A line train station. 1025 Locust is a picturesque 1920s building, featuring all the qualities and characteristics of classic 20th century architecture – boasting magnificent woodwork, built-in cabinetry, high ceilings, crown moldings, expansive floor plans with an abundance of natural light and great curb appeal. “Pride of Ownership” is evident. Recent interior upgrades include remodeled kitchens and bathrooms, refurbished hardwood flooring, new quartz/granite countertops, new wood plank vinyl flooring, 44 new windows installed in 2021, new fixtures, custom two-tone paint and AC window cooling. Recent exterior upgrades include: New common area plank flooring, New landscaping, exterior paint and trim, new garage/auto door, and concrete driveway. The units are much larger than many of the nearby apartment units. The oversized 3-room studios include galley style kitchens with counter to ceiling cabinets, walk-in closets and the extremely large 1 bedrooms offer full-size kitchens, walk-in showers, bathtubs and a service porch. Additional investor notables: spacious backyard area and four garages offer great duplex ADU building potential; new statewide density and parking requirements for multi-units near mass transit offers similar development upside as 97-unit 1112 Locust apartment building; improve best use of 5,498 sq. ft building space to double current bedroom count or increase income immediately with fully furnished apartments similar to current AirBnB Apt. #6. Don’t miss this rare opportunity to own a turnkey Cash Cow and a legacy of authentic history while taking full advantage of endless income growth. Seller MOTIVATED!!

Price History

Date
Event
Price
11/25/25
Price Change
$1,865,000-0.5%
11/05/25
Price Change
$1,875,000-1.1%
09/26/25
Listing
$1,895,000
09/01/17
Sold
$1,230,000
07/16/14
Sold
$720,000
Condition Rating
Good
This 1923-built property has undergone extensive and recent renovations, including remodeled kitchens and bathrooms, new quartz/granite countertops, new wood plank vinyl flooring, refurbished hardwood, 44 new windows installed in 2021, and fresh paint. The exterior also shows recent upgrades like new landscaping and paint. While the core structure is old, the significant updates within the last 5 years make it move-in ready with no immediate renovation required. The kitchen, though featuring older cabinet frames, has modern countertops and backsplash. The primary drawback from reaching 'Excellent' is the age of the underlying systems (despite cosmetic updates) and the reliance on 'AC window cooling' rather than central air, as well as the refurbished nature of some components like the kitchen cabinets rather than being entirely new.
Pros & Cons

Pros

Exceptional Location & Transit Access: Strategically located within a fast-growing Opportunity Zone, approximately 1 mile from the beach and pier, walking distance to Historic Pine Ave, Retro-Row, and just 200 ft from the Metro A line train station, offering high tenant demand and convenience.
Significant Value-Add Potential: Offers substantial upside with potential for duplex ADU conversions in the spacious backyard and garages, increased density due to new statewide regulations near mass transit, and immediate income growth through furnished apartments (e.g., AirBnB).
Extensive Recent Renovations: Boasts recent interior upgrades including remodeled kitchens/bathrooms, new flooring, quartz/granite countertops, 44 new windows (2021), and exterior improvements like new landscaping, paint, and concrete driveway, indicating 'Pride of Ownership' and reduced immediate capital expenditures.
No Citywide Rent Control: The absence of citywide rent control provides savvy landlords with significant flexibility in managing rental rates and maximizing income potential.
Classic Architecture & Spacious Units: A picturesque 1920s building featuring magnificent woodwork, high ceilings, crown moldings, and expansive floor plans with abundant natural light, offering larger units than many nearby apartments, which is attractive to tenants.

Cons

Age of Building (Potential for System Upgrades): Built in 1923, despite recent cosmetic and partial system upgrades, the property may still have original or aging core infrastructure (e.g., plumbing, electrical beyond unit-specific updates) that could require significant future investment.
Lack of Central Air Conditioning: The description mentions 'AC window cooling,' implying individual window units rather than a central air conditioning system, which can be less efficient, less aesthetically pleasing, and potentially a higher maintenance burden for a multi-unit property.
Proximity to Metro A Line (Noise/Vibration): While offering excellent transit access, being approximately 200 ft from the Metro A line train station could expose residents to noise and vibration, potentially impacting tenant comfort and desirability for some.

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