Long Beach Quadruplex
1564 Locust, Long Beach, CA 90813
Contemporary, Quadruplex - Long Beach, CA
Type:Quadruplex
Property size:
3,458 SFLot size:
3,011.00 AcresPrice / SF:
$325/SF- Added:
- Mar 25, 2026
- Days on Market:
- 60
- Last Refresh:
- May 23 at 12:06 pm
Property Features for 1564 Locust
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- None
- Interior features
- Copper Plumbing Full
- Exterior features
- Fence, Community Features Included: Gutters, Curbs, Biking, Sidewalks, Walkstreet
- Fencing
- Fenced
- Standard status
- Active
- APN
- 7269017033
- Size
- 3,458 SF
- Lot size
- 3,011.00 Acres
Utilities
- Heating system
- Wall Furnace
- Cooling system
- None (Cooling)
Building Details
- Year built
- 1963
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Flat
- Architectural style
- Contemporary
Listing agent Javier Alvarez License #01882629 (562) 318-4021
Listing office Circle Real Estate 3250 Airflite Way, Suite 400, San Francisco, CA (562) 521-9022
Listing date Mar 25, 2026
MLS# PW26065029
Listing URL
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Located in a high‑demand Long Beach rental area, close to schools, shopping, public transportation, and major freeways.
- Stable, long‑term rental income with a proven rental history.
- Four units with functional layouts that provide comfortable living spaces.
- Currently occupied with long‑term tenants, some within the last three years, offering immediate and reliable income.
- Copper Plumbing Full.
- Public street parking available directly in front of the building.
Overview
This well-maintained four-unit income property offers 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 and reliable income with a proven rental history. Their extended tenancy reflects the overall desirability and stability of the property. Public street parking is available directly in front of the building, providing convenient access for residents and guests. Located in a high-demand rental area of Long Beach, the property is close to schools, shopping, public transportation, and major freeways, making it attractive to a wide range of tenants. The property is situated on a lot of approximately 0.069 acres and the building size is 3,458 square feet. Overall, this is a solid multi-unit investment with dependable income, minimal turnover, and strong long-term upside in a desirable market.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$883.1K
NOI $79,481 @ 9.00% cap · cautious / downside scenario
Moderate
$1.14M
NOI $79,481 @ 7.00% cap · market / base-case scenario
Aggressive
$1.59M
NOI $79,481 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.3k | $34.20 |
| − Vacancy | −$4.7k | −$1.36 |
| EGI | $113.5k | $32.84 |
| − OpEx | −$34.1k | −$9.85 |
| NOI | $79.5k | $22.98 |
3,458 SF · lease $34.20/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.14M
$993.5K – $1.32M
NOI $79,481 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$1.05M
$915.6K – $1.22M
NOI $73,245 @ 7.0% cap · market cap 6.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1908424
- Latitude
- 33.7865742
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained Long Beach quadplex with stable, long-term rental income.
Where is this quadplex located?
The property is located at 1564 Locust Long Beach, CA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Located in a high‑demand Long Beach rental area, close to schools, shopping, public transportation, and major freeways.; Stable, long‑term rental income with a proven rental history.; Four units with functional layouts that provide comfortable living spaces.
