NOT LISTED FOR SALE

1815 Locust Ave Long Beach, CA 90806

Southeast Wrigley Neighborhood
3 Beds
3 Baths
7,238 Sq Ft
6,768 Sq Ft Lot

Last Sold June 03, 2014

Last sale price $1,050,000 $145 Per Sq Ft

50 Days on Market

Highlights

  • Laundry Room
  • 4-minute walk to Pacific Coast Highway Station
  • No Heating
  • Long Beach Polytechnic High School Rated A

About This Home

As of June 2014

8 unit apartmen building. The unit mix is two 1 bedroom/1 bathroom units, six 2 bedroom/2 bathrom units. Excellent location. Close to shopping, businesses and transportation. 8 garages, four in the front, 4 in the back. Located among other multifamily and residential units. Great investment opportunity.

Last Agent to Sell the Property

Marlene Grecco

Homesmart Evergreen Realty License #01243438 Listed on: 02/17/2014

Homesmart Evergreen Realty

Co-Listed By

Dave White

Element RE, Inc License #01311443

Last Buyer's Agent

Chay Huang

CHLV GROUP, INC. License #01121265

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,768 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage
  • Assigned Parking

Home Design

  • 7,238 Sq Ft Home
  • Property Attached
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 52
  • Tax Tract Number 7209
  • Assessor Parcel Number 7209016025

Community Details

Overview

  • 8 Units

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,262
  • New Taxes Expense $13,750
  • Gross Income $8,323
  • Net Operating Income $71,424

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

8

Listing Details

  • CapRate: 7.45
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 7209016025
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 145.07

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Front, Garage Faces Rear
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6768.00
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Income: 8323.00
  • Gross Scheduled Income: 99876.00
  • Insurance Expense: 2262.00
  • Lot Size Area: 6768.0000 Square Feet
  • Net Operating Income: 71424.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 28452.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Lot: 52
  • Tax Tract Number: 7209
  • Tax Year: 2012

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2014 06/03/14 Sold $1,050,000 -4.5% $145 / Sq Ft
04/08/2014 04/08/14 Pending -- -- --
02/17/2014 02/17/14 For Sale $1,100,000 -- $152 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marlene Grecco

    Seller's Agent in 2014

    Marlene Grecco

    Homesmart Evergreen Realty

    (818) 349-9997

    1 Total Sale

    Marlene Grecco
    Section Image
  • Dave White

    Seller Co-Listing Agent in 2014

    Dave White

    Element RE, Inc

    (818) 349-9997

    21 Total Sales

    Dave White
    Section Image

  • C

    Buyer's Agent in 2014

    Chay Huang

    CHLV GROUP, INC.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14035387

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 Southeast Wrigley

1815 Locust Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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