Dave Smith
REMAX Professionals
(424) 373-7838
75 Total Sales
2 in Southeast Wrigley
$819,000 Price Range
2065 Locust Ave Long Beach, CA 90806
Southeast Wrigley Neighborhood
11
Beds
5
Baths
3,376
Sq Ft
7,481
Sq Ft Lot
Highlights
- Floor Furnace
- Long Beach Polytechnic High School Rated A
- 1-Story Property
About This Home
As of November 2020All Tenants are currently paying!
Perfect Owner Occupied opportunity! Renovated, Major Cash Cow 4-plex at 2065 Locust Ave., Long Beach. One of the highest available Cap Rates on the market, this South Wrigley asset is perfect for anyone looking for immediate cash flow and low maintenance.
On current rental income, the property operates at an incredible 5.39% Cap and 13.04 GRM. Locust Ave. has an incredibly strong unit mix, being comprised of (3) 2-bedroom/1-bath & (1) 5-bedroom/2-bath units. One 2 bedroom/1 bath unit can be delivered vacant at close of escrow. A very rare commodity in Long Beach, the property has (5) garages on site conveniently located for all tenants, as well as an opportunity for extra income for owners. Renovations to the property include granite counter tops, stainless steel appliances, new bathrooms/floors, and a full copper re-pipe. Locust was also re-stuccoed and has new interior/exterior paint. The property is also separately metered for gas and electric.
With $6B in development flowing into the city, Long Beach has continued to rise as a top beach community. This is a perfect opportunity for any buyer to own a cash flowing asset in one of Southern California’s last affordable beach communities.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 07/21/2020
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 7,481 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
Home Design
- Property Attached
Interior Spaces
- 3,376 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 5 Bathrooms
Additional Features
- Urban Location
- Floor Furnace
Listing and Financial Details
- Legal Lot and Block 7 / B
- Assessor Parcel Number 7209018011
Community Details
Overview
- 4 Units
- Wrigley Area Subdivision
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $25,100
- Gross Income $93,912
- Net Operating Income $65,995
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2020
Closed on
Oct 26, 2020
Sold by
Bought by
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$1,250,000
Sold Price
$1,212,000
Premium/Discount to List
-$38,000
-3.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,135,784
Outstanding Balance
$989,444
Interest Rate
2.9%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 19, 2019
Sold by
Bought by
Purchase Details
Closed on
Jun 5, 2018
Sold by
Bought by
Purchase Details
Listed on
Mar 19, 2018
Closed on
Feb 7, 2018
Sold by
Bought by
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$950,000
Sold Price
$947,000
Premium/Discount to List
-$3,000
-0.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
5.3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Nov 13, 2017
Sold by
Bought by
Purchase Details
Listed on
Jul 27, 2015
Closed on
Dec 3, 2015
Sold by
Bought by
Seller's Agent
Adolfo Paz
Benefit Realty
Buyer's Agent
Stephen Mercier
Benefit Realty
List Price
$629,900
Sold Price
$600,000
Premium/Discount to List
-$29,900
-4.75%
Purchase Details
Closed on
Mar 10, 2015
Sold by
Bought by
Purchase Details
Closed on
Sep 17, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.22%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 16, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.69%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 15, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.69%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 9, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,837
Interest Rate
6.69%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 1, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,837
Interest Rate
6.69%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Southeast Wrigley, CA
-
Dave Smith
-
Antonio Martinez
Antonio Martinez
Keller Williams Pacific Estates
(424) 379-0120
39 Total Sales
1 in Southeast Wrigley
$765,000 Price
-
Bill Caiazzo
Bill Caiazzo
Responds QuicklyHomeSmart, Evergreen Realty
(657) 255-8637
110 Total Sales
1 in Southeast Wrigley
$650,000 Price
-
Norma Halvorson
Norma Halvorson
Keller Williams Exclusive Properties
(805) 222-7892
58 Total Sales
1 in Southeast Wrigley
$715,000 Price
-
Dolores Park
Dolores Park
Epique Realty
(805) 273-8301
45 Total Sales
1 in Southeast Wrigley
$819,000 Price
-
Brian Larsen
Brian Larsen
Beverly and Company, Inc.
(323) 553-5369
13 Total Sales
1 in Southeast Wrigley
$700,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,212,000 | First American Title Company | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Chicago Title Company | ||
| $950,000 | Stewart Title | ||
| $600,000 | Lawyers Title Insurance Corp | ||
| $613,005 | None Available | ||
| $220,000 | Investors Title Company | ||
| $335,000 | Investors Title Company | ||
| -- | Investors Title Company | ||
| -- | Investors Title Company | ||
| -- | Investors Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $250,000 | ||
| Open | $1,135,784 | ||
| Previous Owner | $504,000 | ||
| Previous Owner | $450,000 | ||
| Previous Owner | $490,000 | ||
| Previous Owner | $340,000 | ||
| Previous Owner | $220,000 | ||
| Previous Owner | $115,000 | ||
| Previous Owner | $34,837 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/09/2020 11/09/20 | Sold | $1,212,000 | -1.1% | $359 / Sq Ft | |
| 10/26/2020 10/26/20 | Pending | -- | -- | -- | |
| 09/15/2020 09/15/20 | Price Changed | $1,225,000 | -2.0% | $363 / Sq Ft | |
| 07/21/2020 07/21/20 | For Sale | $1,250,000 | +32.0% | $370 / Sq Ft | |
| 03/19/2018 03/19/18 | Sold | $947,000 | -0.3% | $281 / Sq Ft | View Prior Sale |
| 03/19/2018 03/19/18 | Pending | -- | -- | -- | |
| 03/19/2018 03/19/18 | For Sale | $950,000 | +58.3% | $281 / Sq Ft | |
| 12/04/2015 12/04/15 | Sold | $600,000 | -4.7% | $178 / Sq Ft | View Prior Sale |
| 08/13/2015 08/13/15 | Pending | -- | -- | -- | |
| 03/18/2015 03/18/15 | For Sale | $629,900 | -- | $187 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $40,464 | $1,311,906 | $541,216 | $770,690 |
| 2024 | $39,689 | $1,286,183 | $530,604 | $755,579 |
| 2023 | $39,406 | $1,260,964 | $520,200 | $740,764 |
| 2022 | $38,371 | $1,236,240 | $510,000 | $726,240 |
| 2021 | $16,221 | $1,212,000 | $500,000 | $712,000 |
| 2019 | $13,482 | $969,400 | $357,000 | $612,400 |
| 2018 | $13,085 | $950,400 | $350,000 | $600,400 |
| 2017 | $9,358 | $637,500 | $255,000 | $382,500 |
| 2016 | $7,859 | $625,000 | $250,000 | $375,000 |
| 2015 | $5,616 | $443,619 | $212,937 | $230,682 |
| 2014 | $5,595 | $434,930 | $208,766 | $226,164 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
Seller's Agent in 2020
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
204 Total Sales
-
Cody Charnell
Buyer's Agent in 2020
Cody Charnell
Sage Real Estate Group, Inc.
(562) 896-3851
1 in this area
53 Total Sales
-
Adolfo Paz
A
Seller's Agent in 2015
Adolfo Paz
Benefit Realty
(562) 346-3377
1 Total Sale
-
S
Buyer's Agent in 2015
Stephen Mercier
Benefit Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20144327
APN: 7209-018-011
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.
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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