NOT LISTED FOR SALE

2168 Locust Ave Long Beach, CA 90806

Southeast Wrigley Neighborhood
4 Beds
3 Baths
4,043 Sq Ft
6,235 Sq Ft Lot

Last Sold July 23, 2013

Last sale price $576,000 $142 Per Sq Ft

25 Days on Market

About This Home

As of July 2013

Good Investment 6 unit property has One 2 bedroom, 1 bath unit and Five 1 bedroom, 1 bath units. Four 1 car garages on alley with 4 parking spaces in front of garages. Onsite laundry room brings in an additional $250 - $300/month.

Last Agent to Sell the Property

Nicholas Cotton

Keller Williams Coastal Prop. License #01179001 Listed on: 03/23/2013

Co-Listed By

Cheryl Cotton

Y Realty License #00860384

Last Buyer's Agent

Cheryl Cotton

Y Realty License #00860384

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,235 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,043 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 7208026005

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Insurance Expense $2,100
  • Maintenance Expense $2,357
  • Professional Management Expense $5,340
  • Trash Expense $240
  • Water Sewer Expense $1,560
  • New Taxes Expense $6,600
  • Gross Income $4,700
  • Net Operating Income $36,643

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.11
  • Professional Management Expense: 5340.00
  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1560.00
  • Property Type: Residential Income
  • Parcel Number: 7208026005
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 142.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Sewer Paid
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6235.00
  • Lot Size Acres: 0.1430

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 4700.00
  • Gross Multiplier: 10.63
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 2100.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6235.0000 Square Feet
  • Maintenance Expense: 2357.00
  • Net Operating Income: 36643.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 19757.00
  • Rent Control: No
  • Total Actual Rent: 4450.00

Tax Info

  • New Taxes Expense: 6600.00
  • Tax Lot: 4
  • Tax Tract Number: D
  • Tax Year: 2011

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
07/23/2013 07/23/13 Sold $576,000 -4.0% $142 / Sq Ft
04/17/2013 04/17/13 Pending -- -- --
03/23/2013 03/23/13 For Sale $599,900 -- $148 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2013

    Nicholas Cotton

    Keller Williams Coastal Prop.

  • C

    Seller Co-Listing Agent in 2013

    Cheryl Cotton

    Y Realty

    (562) 513-7800

    10 Total Sales

    Cheryl Cotton
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13051139

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90806 Southeast Wrigley

2168 Locust Ave, Long Beach, CA

This home is located at 2168 Locust Ave, Long Beach, CA 90806 since 23 March 2013. This property was built in 1953. 2168 Locust Ave is a home located in Los Angeles County with nearby schools including Jackie Robinson Academy, Long Beach Polytechnic High School, and Pacific Baptist School.

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.

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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