NOT LISTED FOR SALE

2330 Locust Ave Long Beach, CA 90806

Southeast Wrigley Neighborhood
1 Bed
2 Baths
3,956 Sq Ft
5,673 Sq Ft Lot

Last Sold November 01, 2016

Last sale price $1,135,000 $287 Per Sq Ft

169 Days on Market

About This Home

As of November 2016

• Substantial Upside in Rents
• Upgraded Units
• Garages & Covered Parking (some units)
• Individually-Metered for Electric
• Recently-Painted & Beautifully-Landscaped

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 02/29/2016

Last Buyer's Agent

Marty Stone

Buckingham Investments License #00416755

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,673 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,956 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Leased Washer and Dryer

Outdoor Features

  • No Permits for Pool
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 2 / D
  • Tax Tract Number 3572
  • Assessor Parcel Number 7208014017

Community Details

Overview

  • 10 Units

Building Details

  • 11 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $770
  • Insurance Expense $3,464
  • Maintenance Expense $7,886
  • Other Expense $1,011
  • Pest Control $2,025
  • Trash Expense $2,141
  • Water Sewer Expense $2,142
  • New Taxes Expense $13,799
  • Gross Income $8,030
  • Net Operating Income $60,243

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2142.00
  • Property Type: Residential Income
  • Gardener Expense: 770.00
  • Parcel Number: 7208014017
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 286.91

Exterior Features

  • Pool Features: No Permits

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 2025.00
  • Trash Expense: 2141.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5673.00
  • Price Per Lot Square Foot: 211.53
  • Lot Size Acres: 0.1300

Multi Family

  • Gross Income: 8030.00
  • Gross Multiplier: 12.17
  • Gross Scheduled Income: 98580.00
  • Gross Spendable Income: 19116.00
  • Insurance Expense: 3464.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5673.0000 Square Feet
  • Maintenance Expense: 7886.00
  • Net Operating Income: 60243.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 35380.00
  • Operating Expense Percent: 35.90
  • Other Expense: 1011.00
  • Other Expense Description: Fee
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13799.00
  • Tax Block: D
  • Tax Lot: 2
  • Tax Tract Number: 3572

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2016 11/01/16 Sold $1,135,000 -5.4% $287 / Sq Ft
02/29/2016 02/29/16 For Sale $1,200,000 -- $303 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,472 $1,391,872 $617,968 $773,904
2024 $18,603 $1,364,581 $605,851 $758,730
2023 $18,271 $1,337,825 $593,972 $743,853
2022 $17,163 $1,311,594 $582,326 $729,268
2021 $15,977 $1,216,947 $428,880 $788,067
2020 $15,937 $1,205,390 $424,483 $780,907
2019 $15,748 $1,181,774 $416,160 $765,614
2018 $15,332 $1,158,620 $408,000 $750,620
2016 $9,582 $719,695 $258,883 $460,812
2015 $9,217 $708,886 $254,995 $453,891
2014 $8,688 $650,000 $433,300 $216,700
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Peter Gillin

    Morgan Skenderian

  • Marty Stone

    Buyer's Agent in 2016

    Marty Stone

    Buckingham Investments

    (310) 322-9763

    7 Total Sales

    Marty Stone
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16041702

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 Southeast Wrigley

2330 Locust Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes