We are proud to present 2015 Locust Avenue, a four-unit multifamily property located in the Wrigley neighborhood of Long Beach. Just north of Downtown and minutes from the 710 and 405 freeways, Wrigley offers residents convenient access to major employment centers, Long Beach City College, and the Metro A Line light rail. The neighborhood's central location and strong rental demand make this asset ideal for investors seeking stability and long-term appreciation in a growing Long Beach submarket. Situated on a 4,750 SF lot, the property offers 3,199 SF of rentable space and features a desirable unit mix of one (1) three-bedroom, one-bath unit; one (1) two-bedroom, one-bath unit; and two (2) one-bedroom, one-bath units"”one of which is currently vacant, providing immediate upside. Significant recent upgrades include exterior paint, new roof and gutters, garage
doors, staircase rebuild, and one fully renovated unit in 2025. Additional improvements in prior years include new windows, plumbing updates, tankless water heaters, new fencing, and full or partial renovations of three other units, minimizing future capex needs for a new owner. 2015 Locust Avenue is an ideal opportunity for an investor to acquire a turnkey asset with strong in-place income of $104,820 per year and clear value-add potential. The vacant one-bedroom unit offers immediate lease-up upside, while below-market rents in the occupied units present a path for long-term growth. An on-site laundry room"”currently not in use"”offers a simple way to add tenant convenience and generate additional monthly income. This is a well-located, income-producing asset poised to perform in one of Long Beach's most accessible submarkets.
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DAYS ON MARKET
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1
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LAST UPDATED
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7/7/2025
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TRACT
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Wrigley Area (WR)
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YEAR BUILT
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1937
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COMMUNITY
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5 - Wrigley Area
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GARAGE SPACES
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2.0
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COUNTY
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Los Angeles
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STATUS
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Active
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PROPERTY TYPE(S)
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Residential Income
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|
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| AREA |
5 - Wrigley Area |
| GARAGE |
Yes |
| LOT |
4748 sq ft |
| LOT DESCRIPTION |
Rectangular Lot |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Wrigley Area (WR) |
| WATER |
Public |
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Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/8/25 11:33 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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