Seller's Agent in 2024
Anne Marie Reggie
Y Realty
(562) 972-2079
1 in this area
44 Total Sales
1415 Locust Ave Long Beach, CA 90813
Washington School NeighborhoodEstimated Value: $1,194,623 - $1,427,000
8
Beds
4
Baths
3,833
Sq Ft
$331/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Bonus Room
- Electronic Air Cleaner
- Long Beach Polytechnic High School Rated A
- Double Pane Windows
- 5-minute walk to 14th Street Park
About This Home
As of July 2024Rent increases of 8.8% (max allowed) have been issued; unit analysis has been updated to reflect. 1929 Spanish 4 plex with long term tenants. 2 buildings, each with 2 units, separated by a courtyard. Configuration of each unit is as follows: #1415 (Bottom Left) and #1417 (Top Left): Both each have 2 bedrooms + 1 bath . 1415 has a laundry room, 1417 has a utility room. / #1419 (Bottom right): 2 bedrooms + 1 bath + laundry room/ #1421 (Upper Right, sits over the 3-car garage): 4 bedroom + bonus room + laundry room. 3 units have access to one garage each. Property has been maintained and in many ways updated. Exterior Recently Painted. Updated Electric Panel. Newer Garbage Disposals and Water Heaters in 2 units.
Last Agent to Sell the Property
Y Realty Brokerage Phone: 562-972-2079 License #01416507 Listed on: 05/19/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929 | Remodeled
Lot Details
- 3,774 Sq Ft Lot
- 1 Common Wall
- East Facing Home
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- Parking Available
- Side Facing Garage
- Single Garage Door
Home Design
- Quadruplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Plaster
- Stucco
Interior Spaces
- 3,833 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
- Bonus Room
- Laundry Room
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Home Security
- Security Lights
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Location
- Property is near public transit
- Urban Location
Additional Features
- Electronic Air Cleaner
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Legal Lot and Block 6 / 8
- Tax Tract Number 2
- Assessor Parcel Number 7269013025
- $854 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
- Downtown Subdivision
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,873
- Water Sewer Expense $1,200
- New Taxes Expense $15,938
- Operating Expense $20,011
- Gross Income $89,736
- Net Operating Income $69,736
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 19, 2024
Closed on
Jul 19, 2024
Sold by
Beth Billstein Revocable Trust and Billstein Family Trust
Bought by
Spiros G Mentzelos And Voula Mentzelos Revoca and Mentzelos
Seller's Agent
Anne Marie Reggie
Y Realty
Buyer's Agent
Alberto Aguilera
Downtown, REALTORS
List Price
$1,275,000
Sold Price
$1,175,000
Premium/Discount to List
-$100,000
-7.84%
Views
36
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,656
Avg. Annual Appreciation
5.19%
Purchase Details
Listed on
Feb 6, 2020
Closed on
Apr 16, 2020
Sold by
Redwood Bpl Holdings Inc
Bought by
Billstein Betty J and Billstein Family Trust
Seller's Agent
Philip DeMatteo
First Team Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,199,000
Sold Price
$1,041,514
Premium/Discount to List
-$157,486
-13.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.93%
Original Mortgage
$788,750
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 26, 2020
Sold by
Bpl Funding 1 Llc
Bought by
Redwood Bpl Holdings Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$788,750
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 15, 2020
Sold by
Wellman Anna R
Bought by
Bpl Funding 1 Llc
Purchase Details
Closed on
Sep 25, 2018
Sold by
Wellman Brian K
Bought by
Wellman Anna R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 17, 2017
Sold by
Wellman Anna
Bought by
Wellman Brian K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 4, 2014
Sold by
Khanzadeh Albert
Bought by
Wellman Brian K and Wellman Anna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,685
Interest Rate
4.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 1, 2011
Sold by
Choyce Dwight and Choyce Tina
Bought by
Khanzadeh Albert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,250
Interest Rate
4.53%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 12, 2011
Sold by
Choyce Dwight and Choyce Tina
Bought by
Lighthouse Point Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,250
Interest Rate
4.53%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 9, 2005
Sold by
Najand Masoud and The Masoud Najand Living Trust
Bought by
Choyce Dwight and Choyce Tina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
1.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 12, 2003
Sold by
Basinet Michael
Bought by
Najand Masoud
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 26, 2002
Sold by
Okamoto A Ken and Okamoto Audrey L
Bought by
A20 Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
6.86%
Purchase Details
Closed on
May 8, 2001
Sold by
Sandoval Properties Inc
Bought by
Okamoto A Ken and Okamoto Audrey L
Purchase Details
Closed on
Mar 14, 2001
Sold by
Norris Bruce
Bought by
Sandoval Properties Inc
Purchase Details
Closed on
Mar 9, 1999
Sold by
Davis Kevin B
Bought by
Norris Bruce
Purchase Details
Closed on
Aug 17, 1998
Sold by
Davis Kari L
Bought by
Davis Kevin B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
6.91%
Purchase Details
Closed on
May 8, 1998
Sold by
Ramirez Amadeo
Bought by
Wilshire Funding Corp
Purchase Details
Closed on
May 12, 1997
Sold by
Rodriguez Adolfo and South Central Investment
Bought by
Ramirez Amadeo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,885
Interest Rate
8.13%
Mortgage Type
FHA
Purchase Details
Closed on
May 7, 1997
Sold by
Goodwin Helen L
Bought by
South Western Associates Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,885
Interest Rate
8.13%
Mortgage Type
FHA
Purchase Details
Closed on
May 1, 1997
Sold by
Mcnear Mary Ruth and Drake Diana
Bought by
South Western Associates Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,885
Interest Rate
8.13%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Spiros G Mentzelos And Voula Mentzelos Revoca | $1,175,000 | Fidelity National Title | |
| Billstein Betty J | $1,042,000 | Lawyers Title | |
| Redwood Bpl Holdings Inc | -- | Premium Title Of California | |
| Bpl Funding 1 Llc | $943,400 | California Title Company | |
| Wellman Anna R | -- | None Available | |
| Wellman Brian K | -- | Lawyers Title Insurance Corp | |
| Wellman Brian K | $670,000 | None Available | |
| Khanzadeh Albert | $439,000 | Usa National Title Company | |
| Lighthouse Point Llc | $6,000 | None Available | |
| Choyce Dwight | $730,000 | Fidelity National Title | |
| Najand Masoud | $458,000 | Fidelity National Title | |
| A20 Investments Llc | -- | Chicago Title Co | |
| Okamoto A Ken | $189,000 | Chicago Title Insurance Co | |
| Sandoval Properties Inc | $189,000 | Chicago Title Insurance Co | |
| Norris Bruce | -- | American Title Co | |
| Davis Kevin B | -- | Benefit Land Title | |
| Davis Kevin B | $150,000 | Benefit Land Title | |
| Wilshire Funding Corp | $144,000 | -- | |
| Ramirez Amadeo | $315,000 | Commonwealth Land Title | |
| South Western Associates Inc | $35,000 | Commonwealth Title | |
| South Western Associates Inc | $105,000 | Commonwealth Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Billstein Betty J | $788,750 | |
| Previous Owner | Wellman Anna R | $812,000 | |
| Previous Owner | Wellman Brian K | $740,000 | |
| Previous Owner | Wellman Brian K | $696,685 | |
| Previous Owner | Khanzadeh Albert | $329,250 | |
| Previous Owner | Choyce Dwight | $584,000 | |
| Previous Owner | Najand Masoud | $330,000 | |
| Previous Owner | A20 Investments Llc | $178,500 | |
| Previous Owner | Davis Kevin B | $162,000 | |
| Previous Owner | Ramirez Amadeo | $300,885 | |
| Closed | Choyce Dwight | $73,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/26/2024 07/26/24 | Sold | $1,175,000 | -7.8% | $307 / Sq Ft | |
| 06/30/2024 06/30/24 | Pending | -- | -- | -- | |
| 05/19/2024 05/19/24 | For Sale | $1,275,000 | +22.4% | $333 / Sq Ft | |
| 05/22/2020 05/22/20 | Sold | $1,041,514 | -13.1% | $272 / Sq Ft | View Prior Sale |
| 04/02/2020 04/02/20 | Pending | -- | -- | -- | |
| 04/02/2020 04/02/20 | For Sale | $1,199,000 | +15.1% | $313 / Sq Ft | |
| 02/27/2020 02/27/20 | Off Market | $1,041,514 | -- | -- | |
| 02/06/2020 02/06/20 | For Sale | $1,199,000 | +79.0% | $313 / Sq Ft | |
| 09/30/2014 09/30/14 | Sold | $670,000 | +1.5% | $175 / Sq Ft | View Prior Sale |
| 09/15/2014 09/15/14 | Pending | -- | -- | -- | |
| 05/13/2014 05/13/14 | For Sale | $660,000 | -- | $172 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,725 | $1,175,000 | $425,000 | $750,000 |
| 2024 | $14,725 | $1,116,695 | $321,660 | $795,035 |
| 2023 | $14,477 | $1,094,800 | $315,353 | $779,447 |
| 2022 | $13,592 | $1,073,334 | $309,170 | $764,164 |
| 2021 | $13,311 | $1,052,289 | $303,108 | $749,181 |
| 2020 | $9,612 | $736,285 | $274,732 | $461,553 |
| 2019 | $9,501 | $721,849 | $269,346 | $452,503 |
| 2018 | $9,229 | $707,696 | $264,065 | $443,631 |
| 2017 | $9,132 | $693,821 | $258,888 | $434,933 |
| 2016 | $8,479 | $680,217 | $253,812 | $426,405 |
| 2015 | $8,144 | $670,000 | $250,000 | $420,000 |
| 2014 | $5,744 | $449,812 | $204,926 | $244,886 |
Source: Public Records
Agents Affiliated with this Home
-
Anne Marie Reggie
-
Alberto Aguilera
A
Buyer's Agent in 2024
Alberto Aguilera
Downtown, REALTORS
(818) 276-7034
1 in this area
4 Total Sales
-
Philip DeMatteo
Seller's Agent in 2020
Philip DeMatteo
First Team Real Estate
(562) 506-1586
258 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2020
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6,243 Total Sales
-
Louis DiGonzini
Seller's Agent in 2014
Louis DiGonzini
eXp Realty of Southern Ca, Inc
(949) 922-8420
137 Total Sales
-
Wayne Craig
W
Buyer's Agent in 2014
Wayne Craig
RE/MAX
(310) 897-1756
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24071757
APN: 7269-013-025
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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. 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
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