2115 Locust Ave Long Beach, CA 90806
Southeast Wrigley Neighborhood
9
Beds
5
Baths
4,158
Sq Ft
6,245
Sq Ft Lot
About This Home
As of October 2020BACK ON MARKET!!! Great investment opportunity for a statewide style 4plex in the up and coming Wrigley area of Long Beach. Excellent unit mix of 1 3bed/2bath front house with 3 2bed/1bath units behind. 5 single car garages. Laundry room. Most units are upgraded with tile floors and fresh paint. This property is all electric and therefore low overheard. Spacious unit and smart layout makes easy to rent. These style of 4plexs are highly sought after!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,444
Year Built
- Built in 1965
Lot Details
- 6,245 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 5 Car Garage
Home Design
- 4,158 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Additional Features
- Laundry Room
- Urban Location
Listing and Financial Details
- Assessor Parcel Number 7208025023
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $360
- Insurance Expense $1,200
- Water Sewer Expense $2,400
- New Taxes Expense $13,125
- Operating Expense $17,085
- Gross Income $100
- Net Operating Income $56,715
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 3, 2020
Closed on
Sep 30, 2020
Sold by
Dong Wei
Bought by
Uray Sean
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
$388,177
Avg. Annual Appreciation
6.18%
Original Mortgage
$881,250
Outstanding Balance
$785,974
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$777,203
Purchase Details
Listed on
Apr 14, 2018
Closed on
Jul 6, 2018
Sold by
Huss Adam E
Bought by
Dong Wei and Wei Dong Family Trust
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
Rodriguez Jesus
Bought by
Huss Adam E and Mattheson Megan P
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
Shayestehjah Tahereh A
Bought by
Rodriguez Jesus S
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
Home Svgs Of America Fsb
Bought by
White Gary E
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
Johnson Joe D and Karns Johnson Nancy L
Bought by
Home Svgs Of America Fsb
Similar Homes in Long Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,175,000 | First American Title Company | |
| Grant Deed | $975,000 | Chicago Title Company | |
| Grant Deed | $485,000 | Chicago Title Company | |
| Grant Deed | $735,000 | Lawyers Title Company | |
| Corporate Deed | $139,000 | Investors Title Company | |
| Trustee Deed | $144,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $881,250 | New Conventional | |
| Previous Owner | $363,700 | New Conventional | |
| Previous Owner | $692,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $514,500 | Purchase Money Mortgage | |
| Previous Owner | $360,000 | Unknown | |
| Previous Owner | $50,000 | Stand Alone Second | |
| Previous Owner | $195,000 | Unknown | |
| Previous Owner | $162,709 | FHA | |
| Closed | $147,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| 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 Compared to Growth
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 | $16,444 | $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
-
Seller's Agent in 2020
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
3 in this area
182 Total Sales
-
Buyer's Agent in 2020
Marc Coppock
First Team Real Estate
(714) 457-5253
2 in this area
120 Total Sales
-
Seller's Agent in 2018
Adam Huss
Huss Real Estate
(562) 626-8600
19 Total Sales
-
Buyer's Agent in 2018
Luke Lu
Supcom Properties
(310) 619-1616
5 Total Sales
-
L
Seller's Agent in 2012
Larry Jolly
Larry Jolly Real Estate
(562) 412-0114
7 Total Sales
-
Buyer's Agent in 2012
Nivia Licardie
eXp Realty
(562) 307-4970
46 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18086058
APN: 7208-025-023
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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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