NOT LISTED FOR SALE

3741 Locust Ave Long Beach, CA 90807

Los Cerritos Neighborhood

Estimated Value: $1,571,000 - $1,838,000

6 Beds
6 Baths
3,728 Sq Ft
$458/Sq Ft Est. Value

Last Sold July 11, 2017

Last sale price $1,060,000 $284 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $10,198/month

112 Days on Market

Highlights

  • Main Floor Bedroom
  • 4 Car Attached Garage
  • Central Heating and Cooling System
  • Los Cerritos Elementary School Rated A

About This Home

As of July 2017

Wonderful for owner/user or rental. Bixby Knolls duplex features 2 spacious units, each with 3 bedrooms and 3 baths. Units are side by side street facing. Each unit has a private fenced back yard, private 2-car-attached garage for each unit, and off street parking. Rooms are large with ample closet space. Walk to restaurants, shops, Trader Joes, the newest boutiques and coffee shops in Bixby Knolls. The schools for the property include lauded Los Cerritos Elementary, Hughes Middle School and Poly High School. Virginia Country Club is nearby. There are actually 6 bedrooms and 6 bathrooms; Title Report shows 4 bedrooms and 6 bathrooms. Buyer to verify square footage, lot size and income information. Income information provided by the management Company. Gross Rent Multiplier computed based on projected annual rent of $3,000/month/unit - $72,000/annually.

Last Agent to Sell the Property

Carolyn LoBuglio

Coldwell Banker Realty License #01925815 Listed on: 02/09/2017

Coldwell Banker Realty

Last Buyer's Agent

Mike Sadeghi

Pridemark Group License #01088115

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 9,941

Home Design

  • 3,728 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 6 Bathrooms

Parking

  • 4 Car Attached Garage
  • Driveway

Additional Features

  • Laundry in unit
  • 9,941 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units
  • Cogburn Management Association

Listing and Financial Details

  • Assessor Parcel Number 7141-008-048

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 3728
  • Probate: No
  • Year Built: 1975
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Number Carpet: 2
  • Number Dishwasher: 2
  • Number Disposal: 2
  • Bedrooms: 6
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 6.00
  • Equipment: Hood Fan
  • Price Per S Q F T: 315.99

Exterior Features

  • Tennis Court Y/N: No
  • Number Patio: 2
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Driveway - Concrete, Garage - 4+ Car, Garage Is Attached
  • Total Parking: 8

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Management Company: Cogburn Management

Lot Info

  • Assessed Improvement Value: 256271
  • Assessed Land Value: 242786
  • Assessor Parcel Number: 7141-008-048
  • Geocode Override: No
  • Lot Size Area: 9941

Rental Info

  • Number Leased: 2
  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.00
  • Number Of Units: 2
  • Type Of Units: DUPLEX

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2017
Closed on
Sep 6, 2017
Sold by
Petrosian Jrans
Bought by
Petrosian Jrans and Jrans Petrosian Revocable Trust
Seller's Agent
Carolyn LoBuglio
Coldwell Banker Realty
Buyer's Agent
Mike Sadeghi
Pridemark Group
List Price
$1,178,000
Sold Price
$1,060,000
Premium/Discount to List
-$118,000
-10.02%
Current Estimated Value
$1,705,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$645,617
Avg. Annual Appreciation
5.76%

Purchase Details

Listed on
Feb 9, 2017
Closed on
Jun 15, 2017
Sold by
Deleste Rosalinda
Bought by
Petrosian Jrans
Seller's Agent
Carolyn LoBuglio
Coldwell Banker Realty
Buyer's Agent
Mike Sadeghi
Pridemark Group
List Price
$1,178,000
Sold Price
$1,060,000
Premium/Discount to List
-$118,000
-10.02%

Purchase Details

Closed on
Jan 8, 2002
Sold by
Deleste Jose Ray L
Bought by
Deleste Rosalinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
7.13%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Petrosian Jrans -- None Available
Petrosian Jrans $1,060,000 Equity Title Los Angeles
Deleste Rosalinda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deleste Rosalinda $318,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2017 07/11/17 Sold $1,060,000 -10.0% $284 / Sq Ft
02/09/2017 02/09/17 For Sale $1,178,000 -- $316 / Sq Ft
Source: The MLS

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 $15,348 $1,206,094 $728,209 $477,885
2024 $15,348 $1,182,446 $713,931 $468,515
2023 $15,096 $1,159,262 $699,933 $459,329
2022 $14,172 $1,136,532 $686,209 $450,323
2021 $13,890 $1,114,248 $672,754 $441,494
2019 $13,692 $1,081,200 $652,800 $428,400
2018 $13,273 $1,060,000 $640,000 $420,000
2016 $6,183 $499,057 $242,786 $256,271
2015 $5,939 $491,562 $239,140 $252,422
2014 $5,904 $481,934 $234,456 $247,478
Source: Public Records

Agents Affiliated with this Home

  • Carolyn LoBuglio

    Seller's Agent in 2017

    Carolyn LoBuglio

    Coldwell Banker Realty

    (310) 820-6651

    14 Total Sales

    Carolyn LoBuglio
    Section Image

  • M

    Buyer's Agent in 2017

    Mike Sadeghi

    Pridemark Group

    (949) 502-5999

    23 Total Sales

    Mike Sadeghi
    Section Image
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Map

Source: The MLS

MLS Number: 17-197928

The MLS

APN: 7141-008-048

California Los Angeles County Long Beach 90807 Los Cerritos

3741 Locust Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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