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Closed
- Listed price
- $1,649,000
- Listed Jun 8, 2015
- Sold price
- $1,716,375
- Sold Dec 3, 2015
9,005 sqft lot|1987 Built|122 MLS days on market
1880 Locust Ave, Long Beach, CA 90806
Property Description
Residential income property in the city of Long Beach with NO RENT CONTROL This is a well maintained and income producing 12 unit complex in an easy to rent neighborhood in Long Beach. - Unit Mix: Eight 2 bed / 2 baths and Four 1 bed / 1 bath - 2 bedroom / 2 bath units are approximately 850 SF. - 1 bedroom / 1 bath units are approximately 625 SF - All units have a balcony. All decks have been redone or resurfaced and all walkway decks were redone in 2014. - Spacious units with a combination of carpet, vinyl plank and ceramic floors. - Most units are prepped for a dishwasher - Property is located in a highly desirable rental demand area of Long beach - Flat portion of the Roof was replaced in 2012 with a 7 year warranty. Pitched roof was not included in the re-roof. - Landlord pays for monthly garbage and water fee. - Individual gas and electric meters for each unit - All units have an assigned parking space - Additional income: laundry and three enclosed garages and one storage room producing $485 / month - Current Cap Rate is well over 6% (per owner) are based on Actual numbers, which are below market rent - Rents have not been raised for a long time on a few units - Easy Commute. About 2 blocks to Metro station
Listing agent: Mohammad SharifiDRE #01459498Sharifi90278@gmail.com, Listing office: Shorewood Realtors
MLS data updated 10/31/2026, 4:10:31 PM PT
Source: CRMLSMLS #: SB15127547
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,716,375
Dec 3, 2015
Available records22015
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90806 · Oct 2026
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ZIP 90806 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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