2015 Locust Ave Long Beach, CA 90806
Southeast Wrigley NeighborhoodEstimated Value: $1,047,864 - $1,209,000
6
Beds
4
Baths
3,199
Sq Ft
$359/Sq Ft
Est. Value
About This Home
As of September 2018Back on the Market!!! Excellent Investment Opportunity. Spacious Fourplex in Wrigley Area. All units have High Ceilings and Spacious Dining Rooms. Bring your pickiest buyers and they won't be disappointed. Property shows VERY well. Excellent unit mix of (2) 2bed/1bath and (2) 1bed/1bath units. (2) 1-Car Garages. Each unit is separately metered for gas and electricity, tenants pay their own utilities except for water. Current owner has kept the rents low. Great Upside Potential!!!
Last Agent to Sell the Property
Realty One Group Homelink License #01242376 Listed on: 06/18/2018
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
- Level Lot
Parking
- 2 Car Garage
- Parking Available
- Shared Driveway
Home Design
- 3,199 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Assessor Parcel Number 7209018030
Community Details
Overview
- 4 Units
Building Details
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $960
- Insurance Expense $1,200
- Trash Expense $600
- Water Sewer Expense $1,800
- New Taxes Expense $10,237
- Operating Expense $13,797
- Gross Income $3,800
- Net Operating Income $31,803
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 22, 2021
Sold by
Fallahassady Ali
Bought by
Fallahassady Ali
Total Days on Market
38
Current Estimated Value
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
Outstanding Balance
$804,826
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$315,326
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fallahassady Ali | -- | Wfg Title Company Of Ca | |
| Fallahassady Ali | $750,000 | Old Republic Title Company | |
| Harbor Elizabeth Ann | -- | None Available | |
| Harbor Elizabeth A | $125,000 | Continental Lawyers Title Co | |
| State Street Bank & Trust Company | $157,250 | World Title Company | |
| Holleman Walter W | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fallahassady Ali | $875,000 | |
| Closed | Fallahassady Ali | $641,000 | |
| Previous Owner | Fallahassady Ali | $637,500 | |
| Previous Owner | Harbor Elizabeth A | $205,629 | |
| Previous Owner | Harbor Elizabeth A | $170,344 | |
| Previous Owner | Harbor Elizabeth A | $163,334 | |
| Previous Owner | Harbor Elizabeth A | $164,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| 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
-
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: PW18146936
APN: 7209-018-030
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