$975,000
-$20,0002129 Locust, Long Beach CA 90806
Multi-Family (4 Units)
Property type
63 days
On market
$415
Price per sqft
3 cars
Garage
1928
Year built
6,258 sqft
Lot size
Open Houses
Overview
We are pleased to present a 4-unit multifamily property. Built in 1928 originally as a triplex, the subject property consists of 2,351 rentable square feet spread throughout a 6,258 square foot lot. The property consists of a Two Bedroom + Den / One Bathroom House with 2 Existing One Bedroom / One Bathroom Units and 1 Brand new One Bedroom ADU. It contains three garages and...
Listing provided by: Kevin King DRE #01158184, Marcus & Millichap
Listing updated: Jun 4, 2026 at 07:30pm.
Last checked: Jun 4, 2026 at 08:00pm
Source: CRMLS #PW26071898
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,500 | $2,500 | $2,750 | Unfurnished |
| 3 | 1 | 1 | — | $1,350 | $2,700 | $3,190 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
11.8x
List Price / Annual Gross Rent
Cap Rate
6.24%
NOI / List Price
Gross Scheduled Income: $82,488
Operating Expense: $22,123
Net Operating Income: $60,800
Annual Operating Expenses
Electric: $390
Fuel: $390
Insurance: $2,351
Maintenance: $4,274
New Taxes: $12,188
Trash: $390
Water / Sewer: $390
Other Expense: $1,750
Interior
Laundry: None
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 1
Common Walls: One Common Wall
Lot Features: Two To Five Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer, Septic Type Unknown
Garage and Parking
Garage Spaces: 3
Parking Total: 3
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7208025021
Additional Parcels: No
Tax Lot: 9
Tax Block: C
Subdivision: Wrigley Area (WR)
Community
Senior Community: No
Community Features: Curbs, Sidewalks
Nearby Schools
Nearby schools around the 2129 Locust, Long Beach, CA 90806. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$780,000
Total Interest
$994,847
Total Payment
$1,774,847
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,096
per month
Property History for 2129 Locust
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90806.
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