Seller's Agent in 2021
Patrick Swanson
Pat Swanson
(213) 864-2862
1 in this area
54 Total Sales
1722 Locust Ave Long Beach, CA 90813
Washington School NeighborhoodEstimated Value: $1,097,000 - $1,407,000
2
Beds
1
Bath
2,158
Sq Ft
$564/Sq Ft
Est. Value
Highlights
- 0.28 Acre Lot
- 4-minute walk to Pacific Coast Highway Station
- Back Yard
- Long Beach Polytechnic High School Rated A
About This Home
As of January 2021Currently, the real estate consists of a classic 1929 Spanish-Style duplex, that has Two (2) 2 Bedroom / 1 Bath Townhouses, and a HUGE expanse of land in the rear that has alley access. With new developments surrounding the property, this complex is in the path of progress, and is just one block to the Light Rail Blue Line, as well as Class A Apartment developments. Recently Re-Zoned (SP1 - Midtown Specific Plan), the site allows for Residential, and/or Commercial Use, with the potential for 15-40 Units. Currently, the owner has preliminary drawings for a 25 Unit project. Whether you add value by fixing up the Duplex to its original charm, while also creating utilizing the back lot, or building additional units, this site offers tremendous upside!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,803
Year Built
- Built in 1929
Lot Details
- 0.28 Acre Lot
- 1 Common Wall
- Back Yard
Home Design
- 2,158 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 575402
- Assessor Parcel Number 7269019037
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,600
- Water Sewer Expense $960
- New Taxes Expense $12,595
- Operating Expense $18,155
- Gross Income $27,936
- Net Operating Income $9,781
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 8, 2020
Closed on
Jan 20, 2021
Sold by
Mitchell Denise
Bought by
Mitchell Michael
Seller's Agent
Patrick Swanson
Pat Swanson
Buyer's Agent
Dave Shorter
David Shorter, Broker
List Price
$998,000
Sold Price
$998,000
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
$172,001
Avg. Annual Appreciation
4.51%
Original Mortgage
$798,400
Interest Rate
2.67%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 5, 2020
Sold by
Scarfone Patricia M
Bought by
Scarfone Giovanni B
Purchase Details
Closed on
Aug 28, 2019
Sold by
Carlos Isabel A
Bought by
Scarfone Giovanni B and Scarfone Patricia M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,000
Interest Rate
3.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 24, 2013
Sold by
Carlos Luis A
Bought by
Carlos Luis A and Carlos Isabel A
Purchase Details
Listed on
Sep 7, 2011
Closed on
Dec 18, 2012
Sold by
Carlos Luis A
Bought by
Carlos Luis A and Carlos Isabel A
Seller's Agent
Cindy Ludwig
First Team Real Estate
Buyer's Agent
David Loveless
RE/MAX College Park Realty
List Price
$369,000
Sold Price
$359,000
Premium/Discount to List
-$10,000
-2.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.05%
Purchase Details
Listed on
Sep 7, 2011
Closed on
Oct 25, 2012
Sold by
Carlos Isabel A
Bought by
Carlos Luis A
Seller's Agent
Cindy Ludwig
First Team Real Estate
Buyer's Agent
David Loveless
RE/MAX College Park Realty
List Price
$369,000
Sold Price
$359,000
Premium/Discount to List
-$10,000
-2.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.43%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 7, 2011
Closed on
Oct 1, 2012
Sold by
Pakiz Milan K
Bought by
Carlos Luis A
Seller's Agent
Cindy Ludwig
First Team Real Estate
Buyer's Agent
David Loveless
RE/MAX College Park Realty
List Price
$369,000
Sold Price
$359,000
Premium/Discount to List
-$10,000
-2.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 31, 1998
Sold by
Pakiz Milan K
Bought by
Pakiz Milan K and Pakiz Barbara H
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 |
|---|---|---|---|
| Mitchell Michael | -- | Commonwealth Land Title | |
| Mitchell Michael | $998,000 | Commonwealth Land Title | |
| Scarfone Giovanni B | -- | None Available | |
| Scarfone Giovanni B | $810,000 | Lawyers Title Company | |
| Carlos Luis A | -- | None Available | |
| Carlos Luis A | -- | Accommodation | |
| Carlos Luis A | -- | North American Title Company | |
| Carlos Luis A | $359,000 | North American Title Company | |
| Pakiz Milan K | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mitchell Michael | $787,500 | |
| Closed | Mitchell Michael | $798,400 | |
| Previous Owner | Scartone Giovanni B | $386,000 | |
| Previous Owner | Scarfone Giovanni B | $286,000 | |
| Previous Owner | Carlos Luis A | $265,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/28/2021 01/28/21 | Sold | $998,000 | 0.0% | $462 / Sq Ft |
| 12/08/2020 12/08/20 | For Sale | $998,000 | +23.2% | $462 / Sq Ft |
| 11/15/2019 11/15/19 | Sold | $810,000 | -1.8% | $375 / Sq Ft |
| 08/21/2019 08/21/19 | Pending | -- | -- | -- |
| 06/29/2019 06/29/19 | For Sale | $825,000 | +129.8% | $382 / Sq Ft |
| 10/31/2012 10/31/12 | Sold | $359,000 | -2.7% | $166 / Sq Ft |
| 09/06/2012 09/06/12 | Pending | -- | -- | -- |
| 09/07/2011 09/07/11 | For Sale | $369,000 | -- | $171 / 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 | $13,803 | $1,080,264 | $757,701 | $322,563 |
| 2024 | $13,803 | $1,059,084 | $742,845 | $316,239 |
| 2023 | $13,577 | $1,038,319 | $728,280 | $310,039 |
| 2022 | $12,749 | $1,017,960 | $714,000 | $303,960 |
| 2021 | $10,365 | $818,391 | $606,216 | $212,175 |
| 2020 | $10,338 | $810,000 | $600,000 | $210,000 |
| 2019 | $5,406 | $396,298 | $220,780 | $175,518 |
| 2018 | $5,092 | $388,528 | $216,451 | $172,077 |
| 2016 | $4,680 | $373,443 | $208,047 | $165,396 |
| 2015 | $4,497 | $367,834 | $204,922 | $162,912 |
| 2014 | $4,476 | $360,629 | $200,908 | $159,721 |
Source: Public Records
Agents Affiliated with this Home
-
-
D
Buyer's Agent in 2021
Dave Shorter
David Shorter, Broker
(562) 862-7878
1 in this area
31 Total Sales
-
Seller's Agent in 2019
David Loveless
RE/MAX
(562) 594-6753
3 Total Sales
-
C
Seller's Agent in 2012
Cindy Ludwig
First Team Real Estate
(310) 849-8515
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20253642
APN: 7269-019-037
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.
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
Nearby Homes
- 1640 Locust Ave
- 1757 Long Beach Blvd
- 1775 Locust Ave
- 1727 Pine Ave
- 1636 Pacific Ave
- 1566 Pine Ave Unit 202A
- 1566 Pine Ave Unit 207A
- 1566 Pine Ave Unit 206A
- 1598 Long Beach Blvd Unit 412
- 1598 Long Beach Blvd Unit 212
- 1598 Long Beach Blvd Unit 214
- 1598 Long Beach Unit 405
- 426 E 17th St
- 402 E 16th St
- 1500 Pine Ave Unit 19
- 1584 Elm Ave
- 412 E 16th St
- 1765 Linden Ave
- 1922 Locust Ave
- 1450 Locust Ave Unit 301
- 1716 Locust Ave Unit 3
- 1712 Locust Ave
- 1710 Locust Ave
- 1725 Locust Ave
- 1717 Locust Ave
- 1737 Locust Ave
- 1709 Locust Ave
- 1702 Locust Ave
- 1745 Locust Ave
- 1760 Locust Ave
- 1749 Locust Ave
- 1705 Locust Ave
- 1726 N Tribune Ct
- 1762 Locust Ave
- 1728 N Tribune Ct
- 1710 N Tribune Ct
- 1651 Locust Ave
- 1742 N Tribune Ct
- 1755 Locust Ave
- 1643 Locust Ave Unit 4