NOT LISTED FOR SALE

1537 Locust Ave Long Beach, CA 90813

Washington School Neighborhood
9 Beds
8 Baths
4,440 Sq Ft
7,207 Sq Ft Lot

Last Sold September 20, 2013

Last sale price $750,000 $169 Per Sq Ft

123 Days on Market

About This Home

As of September 2013

Big upside for savvy investor. Owner owns two businesses and has no time to manage this building. She wants out now! Her loss is your gain!! Great rental area between Anaheim & PCH. Huge upside potential on existing low rents. Easy walk to everything, shopping, bus lines, jobs, schools. 10 car parking. Great tenants. Well-maintained building. Priced at less than $100,000 per unit. Seller says sell!

Last Agent to Sell the Property

Trace Keasler

Realty One Group, Inc. License #01023118 Listed on: 03/19/2013

Last Buyer's Agent

Theresa Fiallos

Marina Management And Investme License #01101160

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,207 Sq Ft Lot
  • No Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,440 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 7269 / 012
  • Tax Tract Number 18
  • Assessor Parcel Number 7269012018

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $6,250

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.00
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Property Type: Residential Income
  • Parcel Number: 7269012018
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 168.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7207.00
  • Lot Size Acres: 0.1650

Multi Family

  • Gross Income: 6250.00
  • Gross Multiplier: 9.99
  • Gross Scheduled Income: 75960.00
  • Lot Size Area: 7207.0000 Square Feet
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Rent Control: No

Tax Info

  • Tax Block: 012
  • Tax Lot: 7269
  • Tax Tract Number: 018
  • Tax Year: 2011

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2013 09/20/13 Sold $750,000 -6.1% $169 / Sq Ft
07/20/2013 07/20/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $799,000 -- $180 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Trace Keasler

    Realty One Group, Inc.

  • T

    Buyer's Agent in 2013

    Theresa Fiallos

    Marina Management And Investme

    (310) 628-5628

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13047148

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90813 Washington School

1537 Locust Ave, Long Beach, CA

This home is located at 1537 Locust Ave, Long Beach, CA 90813 since 19 March 2013. This property was built in 1963. 1537 Locust Ave is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Washington Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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