$947,000
SOLD MAR 19, 2018

2065 Locust Ave Long Beach, CA 90806

Southeast Wrigley Neighborhood
2 Beds
1 Bath
3,376 Sq Ft
7,481 Sq Ft Lot

Recently Sold

$281 Per Sq Ft

Highlights

  • No Units Above
  • Laundry Room
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A
  • Floor Furnace

About This Home

As of November 2020

4 unit Property all 2 bed + 1 bath. Units are in average shape. Needs upgrading. Used for Comp Purposes only.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 03/19/2018

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 03/19/2018

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,481 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,376 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Rain Gutters
  • Floor Furnace

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 5730
  • Assessor Parcel Number 7209018011

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Trash Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $10,938
  • Operating Expense $16,800
  • Gross Income $48,000
  • Net Operating Income $31,200

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.20
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 100.00
  • Zoning: LBR3T
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7209018011
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 280.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7481.00

Multi Family

  • Gross Income: 48000.00
  • Gross Multiplier: 19.79
  • Gross Scheduled Income: 4000.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 31200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16800.00
  • Rent Control: No
  • Total Expenses: 16800.00

Tax Info

  • New Taxes Expense: 10938.00
  • Tax Census Tract: 5730.02
  • Tax Lot: 7
  • Tax Tract Number: 5730

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Range of Values:

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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 Change Sq Ft Price
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
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
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 Compared to Growth

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

    3 in this area

    176 Total Sales

    Cameron Samimi
    Section Image
  • Cody Charnell

    Buyer's Agent in 2020

    Cody Charnell

    Sage Real Estate Group, Inc.

    (310) 982-7055

    2 in this area

    51 Total Sales

    Cody Charnell
    Section Image

  • A

    Seller's Agent in 2015

    Adolfo Paz

    Benefit Realty

    (562) 346-3377

    2 Total Sales

    Adolfo Paz
    Section Image

  • S

    Buyer's Agent in 2015

    Stephen Mercier

    Benefit Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18062923

California Regional Multiple Listing Service (CRMLS)

APN: 7209-018-011

California Los Angeles County Long Beach 90806 Southeast Wrigley

2065 Locust Ave, Long Beach, CA

This home is located at 2065 Locust Ave, Long Beach, CA 90806 and is currently priced at $947,000, approximately $280 per square foot. This property was built in 1940. 2065 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.

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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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