$1,649,000
-$50,0001868 Locust, Long Beach CA 90806
Multi-Family (8 Units)
Property type
150 days
On market
$365
Price per sqft
4 cars
Garage
1949
Year built
9,025 sqft
Lot size
Home highlights
Open Houses
Overview
Built in 1949, the subject property consists of a unit mix of 7- 1 Bed / 1 Bath units & 1- 2 Bed / 1 Bath unit. Property features include 4 private garage parking, individually metered for utilities that helps keep the owners expenses down, a private storage area, and a gated perimeter! Close to downtown long beach, the beach, shopping and restraunts make for a strong rental...
Listing provided by: Kristina Moore DRE #01926377 714-809-7608, The Moore Group
Listing updated: May 16, 2026 at 01:17am.
Last checked: Jun 5, 2026 at 12:00pm
Source: CRMLS #PW25281978
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,285 | $1,285 | $1,398 | Unfurnished |
| 1 | 1 | 1 | — | $1,635 | $1,635 | $1,779 | Unfurnished |
| 1 | 1 | 1 | — | $1,625 | $1,625 | $1,768 | Unfurnished |
| 1 | 1 | 1 | — | $1,600 | $1,600 | $1,741 | Unfurnished |
| 1 | 1 | 1 | — | $1,710 | $1,710 | $1,860 | Unfurnished |
| 1 | 1 | 1 | — | $1,620 | $1,620 | $1,763 | Unfurnished |
| 1 | 1 | 1 | — | $1,805 | $1,805 | $1,964 | Unfurnished |
| 1 | 2 | 1 | — | $2,340 | $2,340 | $2,546 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Rent Control: No
Units Leased: 8
Total Actual Rent: $13,620
Tenant Pays: Electricity, Gas, Trash Collection
Financial Snapshot
Gross Rent Multiplier
10.1x
List Price / Annual Gross Rent
Cap Rate
6.44%
NOI / List Price
Gross Scheduled Income: $163,440
Operating Expense: $57,204
Net Operating Income: $106,236
Annual Operating Expenses
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Heating: Wall Furnace
Fireplace: None
Laundry: None
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 1
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Garage
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7209015007
Additional Parcels: No
Tax Lot: 35
Tax Block: C
Subdivision: Wrigley Area (WR)
Community
Senior Community: No
Community Features: Biking, Curbs
Nearby Schools
Nearby schools around the 1868 Locust, Long Beach, CA 90806. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,319,200
Total Interest
$1,682,567
Total Payment
$3,001,767
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,206
per month
Property History for 1868 Locust
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90806.
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