2015 Locust Ave Long Beach, CA 90806
Southeast Wrigley Neighborhood
6
Beds
3
Baths
3,199
Sq Ft
4,750
Sq Ft Lot
Highlights
- Laundry Room
- Long Beach Polytechnic High School Rated A
- Rectangular Lot
About This Home
As of August 2025We are proud to present 2015 Locust Avenue, a four-unit multifamily property located in the Wrigley neighborhood of Long Beach. Just north of Downtown and minutes from the 710 and 405 freeways, Wrigley offers residents convenient access to major employment centers, Long Beach City College, and the Metro A Line light rail. The neighborhood’s central location and strong rental demand make this asset ideal for investors seeking stability and long-term appreciation in a growing Long Beach submarket. Situated on a 4,750 SF lot, the property offers 3,199 SF of rentable space and features a desirable unit mix of one (1) three-bedroom, one-bath unit; one (1) two-bedroom, one-bath unit; and two (2) one-bedroom, one-bath units—one of which is currently vacant, providing immediate upside. Significant recent upgrades include exterior paint, new roof and gutters, garage
doors, staircase rebuild, and one fully renovated unit in 2025. Additional improvements in prior years include new windows, plumbing updates, tankless water heaters, new fencing, and full or partial renovations of three other units, minimizing future capex needs for a new owner. 2015 Locust Avenue is an ideal opportunity for an investor to acquire a turnkey asset with strong in-place income of $104,820 per year and clear value-add potential. The vacant one-bedroom unit offers immediate lease-up upside, while below-market rents in the occupied units present a path for long-term growth. An on-site laundry room—currently not in use—offers a simple way to add tenant convenience and generate additional monthly income. This is a well-located, income-producing asset poised to perform in one of Long Beach’s most accessible submarkets.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 714-655-0098 License #02060007 Listed on: 07/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,040
Year Built
- Built in 1937
Lot Details
- 4,750 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 3 Open Parking Spaces
- 2 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 3,199 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Legal Lot and Block 13 / E
- Assessor Parcel Number 7209018030
- $846 per year additional tax assessments
Community Details
Overview
- 4 Units
- Wrigley Area Subdivision
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,199
- Maintenance Expense $3,000
- Other Expense $1,084
- Water Sewer Expense $2,520
- New Taxes Expense $16,978
- Operating Expense $26,782
- Gross Income $104,220
- Net Operating Income $77,438
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 24, 2025
Sold by
1364 Revocable Living Trust and Fallahassady Ali
Bought by
Goyal Vaibhav and Goyal Rati
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$942,030
Interest Rate
6.72%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 22, 2021
Sold by
Fallahassady Ali
Bought by
Fallahassady Ali
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
2.96%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 5, 2018
Sold by
Harbor Elizabeth Ann and The Elizabeth Ann Harbor Separ
Bought by
Fallahassady Ali
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 30, 2006
Sold by
Harbor Elizabeth A
Bought by
Harbor Elizabeth Ann and The Elizabeth Ann Harbor Separ
Purchase Details
Closed on
Jul 11, 1995
Sold by
State Street Bank & Trust Company
Bought by
Harbor Elizabeth A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
7.97%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 1, 1995
Sold by
Lauro Anthony and Lauro Mary
Bought by
State Street Bank & Trust Company and Bear Stearns Mtg Securities Inc Mtg Pass
Purchase Details
Closed on
Oct 21, 1993
Sold by
Holleman Walter W and Holleman Mildred E
Bought by
Holleman Walter W and Holleman Mildred E
Similar Homes in Long Beach, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,256,500 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Wfg Title Company Of Ca | |
| Grant Deed | $750,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $125,000 | Continental Lawyers Title Co | |
| Trustee Deed | $157,250 | World Title Company | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $942,030 | New Conventional | |
| Previous Owner | $875,000 | New Conventional | |
| Previous Owner | $641,000 | New Conventional | |
| Previous Owner | $637,500 | New Conventional | |
| Previous Owner | $205,629 | Unknown | |
| Previous Owner | $170,344 | FHA | |
| Previous Owner | $163,334 | FHA | |
| Previous Owner | $164,000 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Sold | $1,256,040 | -3.3% | $393 / Sq Ft |
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 07/07/2025 07/07/25 | For Sale | $1,299,000 | +73.2% | $406 / Sq Ft |
| 09/11/2018 09/11/18 | Sold | $750,000 | -6.1% | $234 / Sq Ft |
| 07/26/2018 07/26/18 | Pending | -- | -- | -- |
| 07/18/2018 07/18/18 | Price Changed | $799,000 | 0.0% | $250 / Sq Ft |
| 07/18/2018 07/18/18 | For Sale | $799,000 | -2.4% | $250 / Sq Ft |
| 07/04/2018 07/04/18 | Pending | -- | -- | -- |
| 06/18/2018 06/18/18 | For Sale | $819,000 | -- | $256 / 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 | $11,040 | $836,632 | $278,876 | $557,756 |
| 2024 | $11,040 | $820,228 | $273,408 | $546,820 |
| 2023 | $10,852 | $804,147 | $268,048 | $536,099 |
| 2022 | $10,196 | $788,381 | $262,793 | $525,588 |
| 2021 | $9,981 | $772,924 | $257,641 | $515,283 |
| 2020 | $9,955 | $765,000 | $255,000 | $510,000 |
| 2019 | $9,839 | $750,000 | $250,000 | $500,000 |
| 2018 | $3,549 | $239,426 | $102,192 | $137,234 |
| 2016 | $3,257 | $230,131 | $98,225 | $131,906 |
| 2015 | $3,139 | $226,675 | $96,750 | $129,925 |
| 2014 | $3,139 | $222,235 | $94,855 | $127,380 |
Source: Public Records
Agents Affiliated with this Home
-
Chris van Vuuren
Seller's Agent in 2025
Chris van Vuuren
Lyon Stahl Investment Real Estate, Inc.
(714) 655-0098
1 in this area
23 Total Sales
-
Nicholas Phillips
Buyer's Agent in 2025
Nicholas Phillips
Compass
(310) 208-9366
1 in this area
121 Total Sales
-
Lucy Salem
Buyer Co-Listing Agent in 2025
Lucy Salem
Compass
(913) 526-0591
1 in this area
22 Total Sales
-
Lilia Lopez
L
Seller's Agent in 2018
Lilia Lopez
Realty One Group Homelink
(562) 216-1021
1 in this area
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25149560
APN: 7209-018-030
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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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