$1,125,000
1564 Locust, Long Beach CA 90813
Multi-Family (Fourplex)
Property type
72 days
On market
$325
Price per sqft
0 cars
Garage
1963
Year built
3,011 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Javier Alvarez DRE #01882629, Circle Real Estate
Listing updated: Apr 10, 2026 at 05:48pm.
Last checked: Jun 5, 2026 at 06:31pm
Source: CRMLS #PW26065029
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,600 | $1,600 | $1,800 | Unfurnished |
| 1 | 1 | 1 | — | $1,600 | $1,600 | $1,800 | Unfurnished |
| 1 | 2 | 1 | — | $2,200 | $2,200 | $2,650 | Unfurnished |
| 1 | 2 | 1 | — | $2,200 | $2,200 | $2,650 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: No
Units Leased: 2
Total Actual Rent: $7,600
Tenant Pays: Electricity, Gas, Trash Collection
Financial Snapshot
Gross Rent Multiplier
12.3x
List Price / Annual Gross Rent
Cap Rate
7.3%
NOI / List Price
Gross Scheduled Income: $91,200
Vacancy Allowance: $4,560
Operating Expense: $4,390
Net Operating Income: $82,250
Annual Operating Expenses
Electric: $300
Gardener: $720
Fuel: $656
Insurance: $1,200
Trash: $0
Water / Sewer: $1,515
Interior
Cooling: None
Heating: Wall Furnace
Fireplace: None
Laundry: None
Entry Location: Front
Exterior
Architectural Style: Contemporary
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Flat
Construction Materials: Copper Plumbing
Common Walls: Two Common Walls Or More
Direction Faces: West
Lot Features: Walkstreet
Pool: None
Spa: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Cable Available, Electricity Not Available, Phone Available, Sewer Available, Water Available
Road Frontage Type: City Street
Garage and Parking
Parking: None
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7269017033
Additional Parcels: No
Tax Lot: 10
Subdivision: Poly High (PH)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Gutters, Sidewalks
Nearby Schools
Nearby schools around the 1564 Locust, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$900,000
Total Interest
$1,147,900
Total Payment
$2,047,900
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$7,010
per month
Property History for 1564 Locust
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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