T
Seller's Agent in 2017
Thomas Winn
Long Beach Invest. Prop.
2073 Locust Ave Long Beach, CA 90806
Southeast Wrigley NeighborhoodEstimated Value: $1,789,000
12
Beds
8
Baths
5,954
Sq Ft
$300/Sq Ft
Est. Value
Highlights
- Laundry Room
- Long Beach Polytechnic High School Rated A
- Level Lot
About This Home
As of December 2017We are enthusiastic to present 2073 Locust Avenue, a charming classic Spanish eight-unit building, located in the Wrigley area of Long Beach. Situated on a extra wide street with ample parking, the property exudes an old world appeal of days gone by and has been lovingly maintained by the present owners for the past 40+ years. As you approach through the front gate, one will be impressed by the quiet and peaceful garden environment with lush landscape and flowering shrubs. Surrounded by tropical, citrus and papaya trees, a lovely brick courtyard lies between the front and rear building, a perfect place for tenants to enjoy.
The front building contains a combination of four two-bedroom units and two one-bedroom units with solid oak floors, some with breakfast nooks, vaulted ceilings and others featuring the original warm mahogany trim. The rear building consists of two one-bedroom units over five garages. There is also a laundry room with leased machines on site which provides additional income averaging $65/month and there is also a separate storeroom for supplies.
The building foundation had been earthquake retrofitted in 2004 at significant expense, and the electrical system also has been updated. In addition, to enhance the curb appeal, the exterior trim was painted last year.
This is a turn key property with long-term tenants, offering an opportunity for the astute investor to increase the rents for greater cash flow. Interior inspection with accepted offer.
Last Agent to Sell the Property
Thomas Winn
Long Beach Invest. Prop. License #00697278 Listed on: 10/07/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 7,500 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 5 Car Garage
Home Design
- 5,954 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 0006
- Tax Tract Number 6
- Assessor Parcel Number 7209018010
Community Details
Overview
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $767
- Insurance Expense $2,265
- New Taxes Expense $19,740
- Gross Income $7,495
- Net Operating Income $62,958
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 8, 2024
Sold by
2073 Locust Apts Llc
Bought by
Lbc Locust Properties Llc
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
$250,000
Outstanding Balance
$247,214
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$1,541,786
Purchase Details
Listed on
Oct 7, 2017
Closed on
Dec 22, 2017
Sold by
Keck
Bought by
2073L
Seller's Agent
Thomas Winn
Long Beach Invest. Prop.
Buyer's Agent
Jon Swire
The Agency
List Price
$1,645,000
Sold Price
$1,575,000
Premium/Discount to List
-$70,000
-4.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.55%
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
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Home Values in the Area
Average Home Value in this Area
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 | 2073L | -- | |
| Previous Owner | Keck James | $430,000 | |
| Previous Owner | Keck James | $390,000 | |
| Previous Owner | Keck James Everette | $128,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2017 12/22/17 | Sold | $1,575,000 | 0.0% | $265 / Sq Ft |
| 11/17/2017 11/17/17 | Pending | -- | -- | -- |
| 11/03/2017 11/03/17 | Price Changed | $1,575,000 | -4.3% | $265 / Sq Ft |
| 11/02/2017 11/02/17 | For Sale | $1,645,000 | 0.0% | $276 / Sq Ft |
| 10/13/2017 10/13/17 | Pending | -- | -- | -- |
| 10/07/2017 10/07/17 | For Sale | $1,645,000 | -- | $276 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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
Buyer's Agent in 2017
Jon Swire
The Agency
(310) 948-2631
2 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17231084
APN: 7209-018-010
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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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