NOT LISTED FOR SALE

1805 Locust Ave Long Beach, CA 90806

Southeast Wrigley Neighborhood

Estimated Value: $907,000 - $971,000

4 Beds
2 Baths
2,196 Sq Ft
$430/Sq Ft Est. Value

Sale Details

Date Sold: April 12, 2019

Last sale price $578,000 $263 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,875 / mo

110 Days on Market

Highlights

  • Wood Flooring
  • 3-minute walk to Pacific Coast Highway Station
  • Cooling System Mounted To A Wall/Window
  • Long Beach Polytechnic High School Rated A
  • Granite Countertops
  • Laundry Room

About This Home

As of April 2019

Great Investment property or live in 1 house and rent the other to help with mortgage. 2 houses on a lot. Great location, by PCH and walking distances to supermarket, restaurants and many reatail stores. Front house is 1 bedroom 1 bath with 1 detached garage. Back house is 2 bedrooms 1 bath with 2 car garage attached with direct access to the house. New carpet, new paint, ready for move in. Updated kitchen and bathroom, vinyl double pane windows. Plenty of yard between the units. The front has long driveway for extra parkings (5-6).

Last Agent to Sell the Property

Scott Chang

168 Realty Inc. License #01814168 Listed on: 10/11/2018

Last Buyer's Agent

Phoebe Meefu Choong

CMF Real Estate Capital Group License #01324487

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 6,753 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 3 Car Garage

Interior Spaces

  • 2,196 Sq Ft Home
  • Entryway

Kitchen

  • Gas Range
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 54
  • Tax Tract Number 5730
  • Assessor Parcel Number 7209016027

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • New Taxes Expense $6,400
  • Operating Expense $7,400
  • Gross Income $33,000
  • Net Operating Income $25,850

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

6,753 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 4.40
  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • Zoning: LBCHW
  • Property Type: Residential Income
  • Parcel Number: 7209016027
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 263.21
  • Room Type: Entry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6753.00
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Income: 33000.00
  • Gross Scheduled Income: 33000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6753.0000 Square Feet
  • Net Operating Income: 25850.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 7150.00
  • Rent Control: No
  • Total Expenses: 7400.00

Tax Info

  • New Taxes Expense: 6400.00
  • Tax Lot: 54
  • Tax Tract Number: 5730

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2018
Closed on
Apr 8, 2019
Sold by
Bought by
Seller's Agent
Scott Chang
168 Realty Inc.
Buyer's Agent
Phoebe Meefu Choong
CMF Real Estate Capital Group
List Price
$598,000
Sold Price
$578,000
Premium/Discount to List
-$20,000
-3.34%
Current Estimated Value
$944,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,855
Avg. Annual Appreciation
7.13%
Original Mortgage
$462,400
Outstanding Balance
$405,700
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$539,155

Purchase Details

Closed on
Jul 21, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2005
Sold by
Bought by

Purchase Details

Closed on
Mar 3, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,400
Interest Rate
5.85%

Purchase Details

Closed on
Feb 27, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,400
Interest Rate
5.85%

Purchase Details

Closed on
Oct 25, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$578,000 Old Republic Title
-- None Available
$265,000 None Available
$625,000 Alliance Title Company
$325,000 Investors Title Company
-- Chicago Title
$226,000 Chicago
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $462,400
Previous Owner $500,000
Previous Owner $203,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/12/2019 04/12/19 Sold $578,000 -3.3% $263 / Sq Ft
01/29/2019 01/29/19 Pending -- -- --
10/11/2018 10/11/18 For Sale $598,000 -- $272 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,306 $685,201 $425,472 $259,729
2024 $5,244 $671,767 $417,130 $254,637
2023 $5,155 $658,596 $408,951 $249,645
2022 $4,904 $645,683 $400,933 $244,750
2021 $4,513 $595,667 $360,698 $234,969
2020 $4,556 $589,560 $357,000 $232,560
2019 $4,397 $321,575 $229,698 $91,877
2018 $4,186 $315,271 $225,195 $90,076
2016 $3,843 $303,030 $216,451 $86,579
2015 $3,694 $298,479 $213,200 $85,279
2014 $3,677 $292,633 $209,024 $83,609
Source: Public Records

Agents Affiliated with this Home

  • Scott Chang

    Seller's Agent in 2019

    Scott Chang

    168 Realty Inc.

    (909) 974-9888

    12 Total Sales

    Scott Chang
    Section Image
  • Phoebe Meefu Choong

    Buyer's Agent in 2019

    Phoebe Meefu Choong

    CMF Real Estate Capital Group

    (562) 761-6959

    21 Total Sales

    Phoebe Meefu Choong
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18248324

California Regional Multiple Listing Service (CRMLS)

APN: 7209-016-027

California Los Angeles County Long Beach 90806 Southeast Wrigley

1805 Locust Ave, Long Beach, CA

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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