$2,500,000
SOLD MAY 23, 2025

2018 Locust Ave Unit 13 Long Beach, CA 90806

Southeast Wrigley Neighborhood
16 Beds
13 Baths
11,626 Sq Ft
0.3 Acres

Recently Sold

$215 Per Sq Ft

14% Below List Price

60 Days on Market

About This Home

As of May 2025

$275K PRICE REDUCTION - SELLER IS MOTIVATED. PRICED TO SELL - ONLY $226/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 10.1 GRM on current rents with upside to 8.3 GRM and 7.9% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front - possible ADU conversion - buyer to verify. Each unit also features it's own private balcony space. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 01/31/2025

The Agency

Last Buyer's Agent

Jon Swire

The Agency License #01336277 Listed on: 01/31/2025

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Parking

  • 3 Open Parking Spaces
  • 6 Car Garage
  • Assigned Parking

Interior Spaces

  • 11,626 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 13 Bathrooms

Additional Features

  • 0.3 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 13 Units

Listing and Financial Details

  • Assessor Parcel Number 7209-013-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 11626
  • Lot Acreage: 0.2975
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 13.00
  • Price Per S Q F T: 225.79

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 6
  • Other Spaces: 3
  • Covered Parking: 6
  • Parking Garage: Assigned
  • Total Parking: 9

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 64.29
  • Assessed Improvement Value: 1929962
  • Assessed Land Percent: 35.71
  • Assessed Land Value: 1072201
  • Total Assessed Value: 3002163
  • Assessor Parcel Number: 7209-013-029
  • Lot Size Area: 12958

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.10
  • Number Of Units: 13
  • Type Of Units: Income

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
05/23/2025 05/23/25 Sold $2,500,000 -4.8% $215 / Sq Ft
04/02/2025 04/02/25 Price Changed $2,625,000 -4.5% $226 / Sq Ft
03/16/2025 03/16/25 Price Changed $2,749,000 -1.8% $236 / Sq Ft
03/04/2025 03/04/25 Price Changed $2,799,000 -1.8% $241 / Sq Ft
02/17/2025 02/17/25 Price Changed $2,849,000 -1.8% $245 / Sq Ft
01/31/2025 01/31/25 For Sale $2,900,000 -- $249 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Swire

    Seller's Agent in 2025

    Jon Swire

    The Agency

    (310) 948-2631

    2 in this area

    34 Total Sales

    Jon Swire
    Section Image
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Map

Source: The MLS

MLS Number: 25493741

The MLS
California Los Angeles County Long Beach 90806 Southeast Wrigley

2018 Locust Ave Unit 13, Long Beach, CA

Sold

MultiFamily

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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