NOT LISTED FOR SALE

Estimated Value: $3,370,000 - $3,601,622

5 Beds
5 Baths
4,607 Sq Ft
$757/Sq Ft Est. Value

Sale Details

Date Sold: September 18, 2023

Last sale price $3,625,000 $787 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $22,415 / mo

59 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • 0.52 Acre Lot
  • Los Cerritos Elementary School Rated A
  • City Lights View
  • Maid or Guest Quarters

About This Home

As of September 2023

Welcome to the prestige of Virginia Country Club, with the cool classic California vibe!  4160 Locust Ave. is a stunning newly renovated home that boasts an impressive 5 bedrooms (3 of which are ensuites) and 5 bathrooms in the main house, covering a spacious 4,607 square feet on a massive 22,673 square foot lot. This classic California home is located in the highly coveted Los Cerritos neighborhood of Virginia Country Club and sits on a prominent corner lot.
The total square footage including the main home and the 2 ADUs is 6,457 sf with a total of 8 bedrooms and 7.5 baths.

As you enter this beautiful home, you will be greeted by high ceilings, luxury flooring, and an open floor plan that is perfect for entertaining guests. The large kitchen features custom cabinets, high-end appliances, a solid quartz island, and quartz countertops. From the kitchen, the 16-foot bifold doors lead to the stunning pool and patio area. 
The large mudroom/laundry room provides ample storage space for all your belongings. You'll love spending time outside with friends and family in the amazing heated pool and spa or relaxing on the rooftop deck with city lights views.

This property also includes two (2) accessory dwelling units (ADUs) providing additional living space for extended family or rental income potential. One of the ADUs is a townhouse style approximately 1,150 sf, 2 level home with 2 bedrooms, and 1.5 baths, and has been completely renovated. The second ADU is a single-level home with 1 bedroom, 1 bath, and a private yard area. Both ADUs have inside laundry. 

Not only does this property have great amenities, but it is also located in an area that offers so much more. Long Beach is known for its beautiful beaches, thriving arts scene, and diverse culture. It provides easy access to major freeways leading to Los Angeles County and Orange County. 

This prime location is near shopping centers and restaurants, this property is also situated near great schools making it perfect for families with school aged children.
Long Beach offers something for everyone - from art galleries to museums to live music venues - there's always something happening in this vibrant & diverse city. Whether you're looking for a night out on the town or a quiet evening at home, Long Beach has it all.

Don't miss your chance to own this exquisite property on a rare half acre,  in one of Long Beach's most coveted neighborhoods.

Last Agent to Sell the Property

Tina Burke

eXp Realty of California Inc License #01838777 Listed on: 06/13/2023

eXp Realty of California Inc

Last Buyer's Agent

Sheri Schuster

Coldwell Banker Realty License #01255398

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 22,675 Sq Ft Lot
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Drip System Landscaping
  • Front and Back Yard Sprinklers
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned LBR1L

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,607 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Home Office
  • City Lights Views
  • Laundry Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • Retreat
  • 5 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Maid or Guest Quarters
  • 5 Full Bathrooms

Pool

  • In Ground Pool
  • Gunite Pool
  • Saltwater Pool
  • Waterfall Pool Feature

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 16 / 19
  • Tax Tract Number 1225
  • Assessor Parcel Number 7139017021
  • $813 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Los Cerritos Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0.52 Acres

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Los Cerritos (LC)
  • View: Yes
  • Zoning: LBR1L
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7139017021
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4607.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 786.85
  • Room Type: Entry, Family Room, Formal Entry, Great Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Office, Retreat, Separate Family Room, Two Masters
  • Basement: Unfinished

Exterior Features

  • View: City Lights
  • Pool Features: Private, Gunite, In Ground, Salt Water, Waterfall
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Sloped Down, Front Yard, Lawn, Lot 20000-39999 Sqft, Rectangular Lot, Level, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Yard
  • Lot Size Sq Ft: 22675.00
  • Lot Size Acres: 0.5205

Multi Family

  • Lease Considered: No
  • Lot Size Area: 22675.0000 Square Feet
  • Number Of Units Total: 3

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 5718.00
  • Tax Lot: 16
  • Tax Tract Number: 1225
  • TaxOtherAnnualAssessmentAmount: 813.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2023
Closed on
Aug 16, 2023
Sold by
Lee James Jereme
Bought by
Martinez Ivan
Seller's Agent
Tina Burke
eXp Realty of California Inc
Buyer's Agent
Sheri Schuster
Coldwell Banker Realty
List Price
$3,795,000
Sold Price
$3,625,000
Premium/Discount to List
-$170,000
-4.48%
Views
896
Current Estimated Value
$3,487,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$137,594
Avg. Annual Appreciation
-1.46%
Original Mortgage
$1,732,956
Outstanding Balance
$1,694,124
Interest Rate
6.9%
Mortgage Type
Seller Take Back
Estimated Equity
$1,793,282

Purchase Details

Closed on
Dec 29, 2005
Sold by
Ibbetson Harriett A
Bought by
Ibbetson Harriett A and Edwin Thornton Ibbetson Family Living Tr

Purchase Details

Closed on
Nov 27, 1996
Sold by
Ibbetson Ibbetson E
Bought by
Ibbetson Edwin Thornton and Ibbetson Harriett Alice
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
Martinez Ivan $3,625,000 First American Title
Ibbetson Harriett A -- --
Ibbetson Edwin Thornton -- --
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 Martinez Ivan $1,732,956
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/18/2023 09/18/23 Sold $3,625,000 -1.9% $787 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
07/26/2023 07/26/23 Price Changed $3,695,000 -2.6% $802 / Sq Ft
06/13/2023 06/13/23 For Sale $3,795,000 +72.4% $824 / Sq Ft
03/09/2023 03/09/23 Sold $2,200,700 -13.7% $478 / Sq Ft View Prior Sale
03/03/2023 03/03/23 Pending -- -- --
01/18/2023 01/18/23 Price Changed $2,550,000 -15.0% $554 / Sq Ft
10/28/2022 10/28/22 Price Changed $2,999,999 -14.3% $651 / Sq Ft
10/03/2022 10/03/22 For Sale $3,500,000 -- $760 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $45,794 $3,697,500 $3,240,030 $457,470
2024 $45,794 $3,625,000 $3,176,500 $448,500
2023 $6,790 $486,200 $80,093 $406,107
2022 $6,398 $476,668 $78,523 $398,145
2021 $6,252 $467,323 $76,984 $390,339
2019 $6,163 $453,463 $74,701 $378,762
2018 $5,803 $444,573 $73,237 $371,336
2016 $5,305 $427,311 $70,394 $356,917
2015 $5,098 $420,893 $69,337 $351,556
2014 $5,072 $412,649 $67,979 $344,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23104496

California Regional Multiple Listing Service (CRMLS)

APN: 7139-017-021

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