NOT LISTED FOR SALE

1914 Locust Ave Long Beach, CA 90806

Southeast Wrigley Neighborhood

Estimated Value: $782,000 - $909,000

5 Beds
3 Baths
1,844 Sq Ft
$467/Sq Ft Est. Value

Last Sold November 12, 2012

Last sale price $335,000 $182 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $5,165/month

5 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • Neighborhood Views
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • 3 Car Direct Access Garage

About This Home

As of November 2012

We have this great opportunity for investors. This is a fully occupied triplex. There are garages in the back for all three units. They are separately metered for gas and electric. The tenants at this property are stable and would be great for an investor to come in and just take over. This property is "Corporate Owned". This property is being sold "as-is".

Last Agent to Sell the Property

Danny Flores

DANIEL FLORES, BROKER License #01779773 Listed on: 09/13/2012

Last Buyer's Agent

Autumn Davis

AUTUMN DAVIS, BROKER License #01438120

AUTUMN DAVIS, BROKER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,685

Year Built

  • Built in 1929

Lot Details

  • 5,627

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Driveway
  • Uncovered Parking
  • Parking Lot
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Plaster
  • Stucco

Interior Spaces

  • 1,844 Sq Ft Home
  • Living Room
  • Neighborhood Views
  • Formica Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Home Security

  • Window Bars
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Gas Water Heater
  • Sewer Paid

Additional Features

  • 5,627 Sq Ft Lot
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 21 / C
  • Tax Tract Number 5730
  • Assessor Parcel Number 7209014026

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $410
  • Insurance Expense $800
  • Maintenance Expense $3,011
  • Water Sewer Expense $655
  • New Taxes Expense $3,628
  • Gross Income $2,545
  • Net Operating Income $17,272

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,685

Year Built

Built in 1929

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 5.93
  • Price Per Unit: 109966
  • Security: Smoke Detector(s), Window Bars
  • View: Yes
  • Water Sewer Expenses: 655.00
  • Zoning: LBPD29
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 410.00
  • Parcel Number: 7209014026
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Formica Counters, Unfurnished
  • Flooring: Laminate, Carpet
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 181.67
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Plaster, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Driveway, Direct Garage Access, Garage, On Site, Parking Space, Private, Garage Faces Rear, Garage - Single Door, Uncovered
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Appliances: Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Size Sq Ft: 5627.00
  • Lot Size Acres: 0.1290

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 600
  • Average2 Bed Area: 710
  • Gross Income: 2545.00
  • Gross Multiplier: 12.80
  • Gross Scheduled Income: 25776.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5627.0000 Square Feet
  • Maintenance Expense: 3011.00
  • Net Operating Income: 17272.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 8504.00
  • Operating Expense Percent: 32.99
  • Rent Control: No
  • Vacancy Allowance: 773
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 3628.00
  • Tax Block: C
  • Taxes Percent: 1.12
  • Tax Lot: 21
  • Tax Tract Number: 5730
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2021
Sold by
Whitley Deborah
Bought by
Whitley Deborah and Deborah Whitley Trust
Current Estimated Value
$861,000

Purchase Details

Listed on
Sep 13, 2012
Closed on
Sep 27, 2012
Sold by
Rms Residential Properties
Bought by
Whitley Deborah
Seller's Agent
Danny Flores
DANIEL FLORES, BROKER
Buyer's Agent
Autumn Davis
AUTUMN DAVIS, BROKER
List Price
$329,900
Sold Price
$335,000
Premium/Discount to List
$5,100
1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.97%
Original Mortgage
$328,932
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 13, 2012
Closed on
Sep 17, 2012
Sold by
Residential Mortgage Solution Llc
Bought by
Rms Residential Properties Llc
Seller's Agent
Danny Flores
DANIEL FLORES, BROKER
Buyer's Agent
Autumn Davis
AUTUMN DAVIS, BROKER
List Price
$329,900
Sold Price
$335,000
Premium/Discount to List
$5,100
1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,932
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 11, 2007
Sold by
Prado Sonia
Bought by
Residential Mortgage Solution Llc

Purchase Details

Closed on
Nov 28, 2004
Sold by
Juliano Dionice S and Juliano Oliver
Bought by
Prado Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,100
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 2003
Sold by
Mao Nicholas
Bought by
Juliano Dionice S and Juliano Oliver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2002
Sold by
Kong Vanna
Bought by
Mao Nicholas

Purchase Details

Closed on
Aug 17, 2001
Sold by
Hud
Bought by
Kong Vanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.99%

Purchase Details

Closed on
Dec 29, 1999
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Feb 28, 1997
Sold by
Hud
Bought by
Herrerias Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 13, 1996
Sold by
Nationsbanc Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Jun 11, 1996
Sold by
Elmore Mildred and Allen Renay
Bought by
Nationsbanc Mtg Corp

Purchase Details

Closed on
Sep 2, 1994
Sold by
Barth Gretchen F
Bought by
Elmore Mildred and Allen Renay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,137
Interest Rate
8.61%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 20, 1994
Sold by
Locust Avenue Corp
Bought by
Barth Gretchen F

Purchase Details

Closed on
Jan 11, 1994
Sold by
Ba Properties Inc
Bought by
Locust Avenue Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.38%
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Whitley Deborah -- None Available
Whitley Deborah $335,000 Netco Title Company
Rms Residential Properties Llc -- Netco Title Company
Residential Mortgage Solution Llc $441,824 Alliance Title Company
Prado Sonia $479,000 Financial Title Company
Juliano Dionice S $399,000 Advantage Title Inc
Mao Nicholas -- Orange Coast Title
Kong Vanna $122,500 Stewart Title
Hud -- Landsafe Title
Countrywide Home Loans Inc $158,283 Landsafe Title
Herrerias Jose A $106,500 California Counties Title Co
Hud -- Continental Lawyers Title Co
Nationsbanc Mtg Corp $162,856 Continental Lawyers Title Co
Elmore Mildred $150,000 Stewart Title
Barth Gretchen F -- --
Locust Avenue Corp $70,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whitley Deborah $328,932
Previous Owner Rms Residential Properties Llc $441,824
Previous Owner Prado Sonia $586,500
Previous Owner Prado Sonia $513,000
Previous Owner Prado Sonia $431,100
Previous Owner Juliano Dionice S $319,200
Previous Owner Mao Nicholas $135,000
Previous Owner Kong Vanna $130,000
Previous Owner Herrerias Jose A $147,000
Previous Owner Elmore Mildred $147,137
Previous Owner Locust Avenue Corp $60,000
Closed Juliano Dionice S $79,800
Closed Prado Sonia $23,950
Closed Locust Avenue Corp $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2012 11/12/12 Sold $335,000 +1.5% $182 / Sq Ft
09/18/2012 09/18/12 Pending -- -- --
09/13/2012 09/13/12 For Sale $329,900 -- $179 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $5,685 $412,517 $246,282 $166,235
2024 $5,685 $404,429 $241,453 $162,976
2023 $5,586 $396,500 $236,719 $159,781
2022 $5,257 $388,727 $232,078 $156,649
2021 $5,144 $381,106 $227,528 $153,578
2019 $5,071 $369,804 $220,780 $149,024
2018 $4,852 $362,553 $216,451 $146,102
2016 $4,466 $348,477 $208,047 $140,430
2015 $4,293 $343,243 $204,922 $138,321
2014 $4,276 $336,520 $200,908 $135,612
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    Danny Flores

    DANIEL FLORES, BROKER

    Section Image

  • A

    Buyer's Agent in 2012

    Autumn Davis

    AUTUMN DAVIS, BROKER

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: M12115617

California Regional Multiple Listing Service (CRMLS)

APN: 7209-014-026

California Los Angeles County Long Beach 90806 Southeast Wrigley

1914 Locust Ave, Long Beach, CA

This home is located at 1914 Locust Ave, Long Beach, CA 90806 since 13 September 2012 and is currently estimated at $861,000, approximately $466 per square foot. This property was built in 1929. 1914 Locust Ave is a home located in Los Angeles County with nearby schools including Jackie Robinson Academy, Long Beach Polytechnic High School, and We the People 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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