NOT LISTED FOR SALE

2073 Locust Ave Unit A Long Beach, CA 90806

Southeast Wrigley Neighborhood

Estimated Value: $1,770,000

10 Beds
8 Baths
5,954 Sq Ft
$297/Sq Ft Est. Value

Last Sold August 15, 2024

Last sale price $1,745,000 $293 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $11,573/month

35 Days on Market

About This Home

As of August 2024

PRICED TO SELL. 9.9 GRM AND 6.4% CAP with upside to a 7.1% CAP. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Only $290/SF. Located in the quiet residential Wrigley area, the property is professionally managed and well-maintained. Onsite laundry room. There are 5 garages in the rear, each could rent for as much as $125/garage. The Electrical Main Panel is 200 AMPS (Siemens) and the Subpanels are 50 AMPS (Siemens) - Buyer to verify. The seller spent over $175K at the time of purchase on new exterior paint, landscaping, and interior updates to units including new kitchen countertops, vinyl flooring and paint. Email Listing Agent for more info including a Rent Roll and actual expenses.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 06/12/2024

The Agency

Last Buyer's Agent

Ryan Pratt

Skyline Commercial Real Estate License #02179841

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,137

Year Built

  • Built in 1930

Lot Details

  • 7,486

Parking

  • 5 Car Garage
  • Assigned Parking

Interior Spaces

  • 5,954 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Additional Features

  • 7,486 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 7209-018-010

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,137

Year Built

Built in 1930

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Living Area: 5954
  • Lot Acreage: 0.1719
  • Probate: No
  • Year Built: 1930
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 10
  • Laundry: Community
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 290.39

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 5
  • Parking Garage: Assigned
  • Total Parking: 5

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 61.41
  • Assessed Improvement Value: 1044431
  • Assessed Land Percent: 38.59
  • Assessed Land Value: 656187
  • Total Assessed Value: 1700618
  • Assessor Parcel Number: 7209-018-010
  • Lot Size Area: 7486

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.95
  • Number Of Units: 8
  • Total Annual Expense: 58000
  • Type Of Units: Income
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Aug 8, 2024
Sold by
2073 Locust Apts Llc
Bought by
Lbc Locust Properties Llc
Seller's Agent
Jon Swire
The Agency
Buyer's Agent
Ryan Pratt
Skyline Commercial Real Estate
List Price
$1,729,000
Sold Price
$1,745,000
Premium/Discount to List
$16,000
0.93%
Views
30
Current Estimated Value
$1,770,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,000
Avg. Annual Appreciation
1.39%
Original Mortgage
$250,000
Outstanding Balance
$247,656
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$1,522,344

Purchase Details

Closed on
Dec 22, 2017
Sold by
Keck
Bought by
2073L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.94%

Purchase Details

Closed on
Sep 12, 2008
Sold by
Keck James and Baba Stephen
Bought by
Keck James and Baba Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
6.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2006
Sold by
Keck James and Baba Stephen
Bought by
Keck James and Baba Stephan

Purchase Details

Closed on
Apr 28, 2003
Sold by
Keck James and Baba Stephen
Bought by
Keck James and Baba Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2002
Sold by
Keck James Everette
Bought by
Keck James and Baba Stephen

Purchase Details

Closed on
Oct 4, 1993
Sold by
Hughes Bryan William and Hughes Philip Mark
Bought by
Keck James Everette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.21%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Lbc Locust Properties Llc $1,745,000 First American Title Company
2073L -- --
Keck James -- Chicago Title
Keck James -- None Available
Keck James -- Fidelity National Title Co
Keck James -- --
Keck James Everette -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lbc Locust Properties Llc $250,000
Previous Owner 2073 Locust Apts Llc $1,315,000
Previous Owner 2073 Locust Apts Llc $1,175,000
Previous Owner 2073L --
Previous Owner 2073 Locust Apts Llc $855,250
Previous Owner Keck James $50,000
Previous Owner Keck James $437,500
Previous Owner Keck James $50,000
Previous Owner Keck James $430,000
Previous Owner Keck James $390,000
Previous Owner Keck James Everette $225,000
Previous Owner Keck James Everette $22,500
Previous Owner Keck James Everette $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Sold $1,745,000 +0.9% $293 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $1,729,000 -- $290 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $23,137 $1,745,000 $645,000 $1,100,000
2024 $23,137 $1,734,629 $669,310 $1,065,319
2023 $22,742 $1,700,618 $656,187 $1,044,431
2022 $21,357 $1,667,273 $643,321 $1,023,952
2021 $20,912 $1,634,582 $630,707 $1,003,875
2019 $20,613 $1,587,140 $612,000 $975,140
2018 $20,049 $1,556,040 $600,000 $956,040
2016 $9,826 $749,648 $415,621 $334,027
2015 $9,450 $738,388 $409,378 $329,010
2014 $9,421 $723,925 $401,359 $322,566
Source: Public Records

Agents Affiliated with this Home

  • Jon Swire

    Seller's Agent in 2024

    Jon Swire

    The Agency

    (310) 948-2631

    3 in this area

    32 Total Sales

    Jon Swire
    Section Image
  • Ryan Pratt

    Buyer's Agent in 2024

    Ryan Pratt

    Skyline Commercial Real Estate

    (949) 942-8959

    1 in this area

    5 Total Sales

    Ryan Pratt
    Section Image
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Map

Source: The MLS

MLS Number: 24-403303

The MLS

APN: 7209-018-010

California Los Angeles County Long Beach 90806 Southeast Wrigley

2073 Locust Ave Unit A, Long Beach, CA

This home is located at 2073 Locust Ave Unit A, Long Beach, CA 90806 since 12 June 2024 and is currently estimated at $1,770,000, approximately $297 per square foot. This property was built in 1930. 2073 Locust Ave Unit A 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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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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