Seller's Agent in 2020
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
200 Total Sales
2115 Locust Ave Long Beach, CA 90806
Southeast Wrigley NeighborhoodEstimated Value: $1,393,000 - $1,538,078
6
Beds
4
Baths
4,158
Sq Ft
$355/Sq Ft
Est. Value
About This Home
As of October 2020All Tenants are currently paying!
Great opportunity to own a Beautiful, Cash Flowing 4-plex at 2115 Locust Ave., Long Beach. Located in South Wrigley, the asset is a great owner/user opportunity with a House in the front and (3) Units in the back.
Locust Ave. has a very strong unit mix, being comprised of (1) 3-Bedroom/2 Bath, (2) 2-bedroom/1-bath, & (1) 1-Bedroom/1-bath units. 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. This massive 4-plex accounts for 4,158 Sq.Ft, and sits on a 6,245 Sq.Ft lot. With the 3-Bed House rented with top of the market rents, the property would be operating at a 5.65% Cap and 12.50 GRM! 2115 Locust 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 looking to own cash flowing asset with upside.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 06/03/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 6,245 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
Home Design
- 4,158 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 11 / C
- Tax Tract Number 6
- Assessor Parcel Number 7208025023
Community Details
Overview
- 4 Units
- Wrigley Area Subdivision
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $24,933
- Gross Income $94,776
- Net Operating Income $67,000
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
Jun 3, 2020
Closed on
Sep 30, 2020
Sold by
Bought by
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Marc Coppock
First Team Real Estate
List Price
$1,199,000
Sold Price
$1,175,000
Premium/Discount to List
-$24,000
-2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,770
Avg. Annual Appreciation
4.10%
Original Mortgage
$881,250
Outstanding Balance
$782,396
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$695,374
Purchase Details
Listed on
Apr 14, 2018
Closed on
Jul 6, 2018
Sold by
Bought by
Seller's Agent
Adam Huss
Huss Real Estate
Buyer's Agent
Luke Lu
Supcom Properties
List Price
$1,050,000
Sold Price
$975,000
Premium/Discount to List
-$75,000
-7.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%
Purchase Details
Listed on
May 18, 2012
Closed on
Jul 24, 2012
Sold by
Bought by
Seller's Agent
Larry Jolly
Larry Jolly Real Estate
Buyer's Agent
Nivia Licardie
eXp Realty
List Price
$450,000
Sold Price
$485,000
Premium/Discount to List
$35,000
7.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.61%
Original Mortgage
$363,700
Interest Rate
3.56%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 2, 2004
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
$514,500
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 23, 1996
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
$162,709
Interest Rate
7.91%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 9, 1996
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,175,000 | First American Title Company | ||
| $975,000 | Chicago Title Company | ||
| $485,000 | Chicago Title Company | ||
| $735,000 | Lawyers Title Company | ||
| $139,000 | Investors Title Company | ||
| $144,000 | Fidelity National Title Ins |
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 | $881,250 | ||
| Previous Owner | $363,700 | ||
| Previous Owner | $514,500 | ||
| Previous Owner | $162,709 | ||
| Closed | $147,000 |
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 |
|---|---|---|---|---|---|
| 10/27/2020 10/27/20 | Sold | $1,175,000 | -0.8% | $283 / Sq Ft | |
| 10/22/2020 10/22/20 | Pending | -- | -- | -- | |
| 09/15/2020 09/15/20 | Price Changed | $1,185,000 | -1.2% | $285 / Sq Ft | |
| 08/14/2020 08/14/20 | For Sale | $1,199,000 | +2.0% | $288 / Sq Ft | |
| 08/12/2020 08/12/20 | Off Market | $1,175,000 | -- | -- | |
| 07/07/2020 07/07/20 | Price Changed | $1,199,000 | -2.1% | $288 / Sq Ft | |
| 06/22/2020 06/22/20 | Price Changed | $1,225,000 | -2.0% | $295 / Sq Ft | |
| 06/03/2020 06/03/20 | For Sale | $1,250,000 | +28.2% | $301 / Sq Ft | |
| 07/17/2018 07/17/18 | Sold | $975,000 | -2.5% | $234 / Sq Ft | View Prior Sale |
| 07/02/2018 07/02/18 | Pending | -- | -- | -- | |
| 04/24/2018 04/24/18 | Price Changed | $1,000,000 | -4.8% | $241 / Sq Ft | |
| 04/14/2018 04/14/18 | For Sale | $1,050,000 | 0.0% | $253 / Sq Ft | |
| 12/05/2012 12/05/12 | Rented | $1,200 | 0.0% | -- | |
| 12/05/2012 12/05/12 | Under Contract | -- | -- | -- | |
| 09/04/2012 09/04/12 | For Rent | $1,200 | 0.0% | -- | |
| 08/31/2012 08/31/12 | Sold | $485,000 | +7.8% | $117 / Sq Ft | View Prior Sale |
| 08/10/2012 08/10/12 | Pending | -- | -- | -- | |
| 05/18/2012 05/18/12 | For Sale | $450,000 | -- | $108 / 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 | $17,195 | $1,271,857 | $541,216 | $730,641 |
| 2024 | $16,444 | $1,246,919 | $530,604 | $716,315 |
| 2023 | $16,169 | $1,222,470 | $520,200 | $702,270 |
| 2022 | $15,184 | $1,198,500 | $510,000 | $688,500 |
| 2021 | $14,874 | $1,175,000 | $500,000 | $675,000 |
| 2019 | $12,664 | $975,000 | $300,000 | $675,000 |
| 2018 | $7,063 | $524,893 | $216,451 | $308,442 |
| 2016 | $6,483 | $504,513 | $208,047 | $296,466 |
| 2015 | $6,233 | $496,935 | $204,922 | $292,013 |
| 2014 | $6,207 | $487,201 | $200,908 | $286,293 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
-
Marc Coppock
Buyer's Agent in 2020
Marc Coppock
First Team Real Estate
(714) 457-5253
1 in this area
115 Total Sales
-
Adam Huss
Seller's Agent in 2018
Adam Huss
Huss Real Estate
(562) 277-4877
19 Total Sales
-
Luke Lu
Buyer's Agent in 2018
Luke Lu
Supcom Properties
(310) 619-1616
3 Total Sales
-
Larry Jolly
L
Seller's Agent in 2012
Larry Jolly
Larry Jolly Real Estate
(562) 412-0114
4 Total Sales
-
Nivia Licardie
Buyer's Agent in 2012
Nivia Licardie
eXp Realty
(562) 307-4970
39 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20106284
APN: 7208-025-023
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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