NOT LISTED FOR SALE

948 Locust Ave Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $1,345,000 - $1,503,000

4 Beds
2 Baths
4,412 Sq Ft
$324/Sq Ft Est. Value

Last Sold October 07, 2015

Last sale price $721,000 $163 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $8,676/month

17 Days on Market

About This Home

As of October 2015

Great 4 units for Investors and/or Owner occupied. Each Unit Has 2 bedroom 1 Bath. Plenty of gated Parking for up to 8 cars. Property has 2 duplexes and are in good condition. Rehabbed a couple of years ago. Must see to appreciate!

Last Agent to Sell the Property

Richard Diaz

First Family Homes License #01322459 Listed on: 08/07/2015

Last Buyer's Agent

Lorri Quiett

Vylla Home, Inc. License #01371114

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,384

Year Built

  • Built in 1906

Lot Details

  • 7,452 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Parking Spaces

Interior Spaces

  • 4,412 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 5763
  • Assessor Parcel Number 7273012003

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $8,562
  • Gross Income $4,403
  • Net Operating Income $52,836

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,384

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 7273012003
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 163.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7452.00
  • Price Per Lot Square Foot: 96.75
  • Lot Size Acres: 0.1710

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4403.00
  • Gross Scheduled Income: 52836.00
  • Lot Size Area: 7452.0000 Square Feet
  • Net Operating Income: 52836.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8562.00
  • Tax Lot: 1
  • Tax Tract Number: 5763

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2020
Sold by
Paer Lisa
Bought by
Guzman Carlos F
Current Estimated Value
$1,429,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$523,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2020
Sold by
Guzman Carlos F and Guzman Carlos
Bought by
Guzman Carlos F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$523,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2015
Closed on
Aug 24, 2015
Sold by
Tobacco American
Bought by
Guzman Carlos
Seller's Agent
Richard Diaz
First Family Homes
Buyer's Agent
Lorri Quiett
Vylla Home, Inc.
List Price
$685,000
Sold Price
$721,000
Premium/Discount to List
$36,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$540,750
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2015
Closed on
Aug 19, 2015
Sold by
Kim Deung O
Bought by
American Tobacco
Seller's Agent
Richard Diaz
First Family Homes
Buyer's Agent
Lorri Quiett
Vylla Home, Inc.
List Price
$685,000
Sold Price
$721,000
Premium/Discount to List
$36,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,750
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2008
Sold by
Song Sung
Bought by
Kim Deung O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2008
Sold by
Kim Soo
Bought by
Song Sung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Kim Soo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 2008
Sold by
Spilky Richard I
Bought by
Deutsche Bank National Trust Co and Soundview Home Loan Trust 2006-Opt3 Asse

Purchase Details

Closed on
Oct 15, 2001
Sold by
Spilky Maria
Bought by
Spilky Richard I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.87%

Purchase Details

Closed on
Jan 23, 1998
Sold by
Spilky Richard I
Bought by
Spilky Richard I and Spilky Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,735
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 3, 1994
Sold by
Resolution Trust Corp
Bought by
Spilky Richard I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
8.54%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 21, 1993
Sold by
Resolution Trust Corp
Bought by
Homefed Bank Fa
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Guzman Carlos F -- Wfg Title Company Of Ca
Guzman Carlos F -- Wfg Title Company Of Ca
Guzman Carlos $721,000 Title 365
American Tobacco -- Accommodation
Kim Deung O $590,000 Nations Title Company
Song Sung -- Ntc
Kim Soo $425,000 First American Title Ins Co
Deutsche Bank National Trust Co $569,500 Financial Title Company
Spilky Richard I -- First American Title Co
Spilky Richard I -- Golden California Title Co
Spilky Richard I -- First Southwestern Title Co
Homefed Bank Fa $229,500 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guzman Carlos F $881,250
Closed Guzman Carlos F $523,000
Previous Owner Guzman Carlos F $325,000
Previous Owner Guzman Carlos $150,000
Previous Owner Guzman Carlos F $560,000
Previous Owner Guzman Carlos $540,750
Previous Owner Kim Deung O $472,000
Previous Owner Spilky Richard I $595,000
Previous Owner Spilky Richard I $410,000
Previous Owner Spilky Richard I $227,400
Previous Owner Spilky Richard I $225,000
Previous Owner Spilky Richard I $222,000
Previous Owner Spilky Richard I $169,735
Previous Owner Spilky Richard I $169,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2015 10/07/15 Sold $721,000 +5.3% $163 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
08/07/2015 08/07/15 For Sale $685,000 -- $155 / 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 $11,384 $853,511 $591,896 $261,615
2024 $11,384 $836,777 $580,291 $256,486
2023 $11,193 $820,370 $568,913 $251,457
2022 $10,522 $804,285 $557,758 $246,527
2021 $10,295 $788,516 $546,822 $241,694
2020 $10,267 $780,432 $541,216 $239,216
2019 $10,149 $765,130 $530,604 $234,526
2018 $9,808 $750,128 $520,200 $229,928
2016 $9,008 $721,000 $500,000 $221,000
2015 $7,776 $632,170 $439,306 $192,864
2014 $7,737 $619,788 $430,701 $189,087
Source: Public Records

Agents Affiliated with this Home

  • Richard Diaz

    Seller's Agent in 2015

    Richard Diaz

    First Family Homes

    (562) 754-2959

    39 Total Sales

    Richard Diaz
    Section Image
  • Lorri Quiett

    Buyer's Agent in 2015

    Lorri Quiett

    Vylla Home, Inc.

    (562) 682-3130

    3 in this area

    137 Total Sales

    Lorri Quiett
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15174044

California Regional Multiple Listing Service (CRMLS)

APN: 7273-012-003

California Los Angeles County Long Beach 90813 Saint Mary's

948 Locust Ave, Long Beach, CA

This home is located at 948 Locust Ave, Long Beach, CA 90813 since 07 August 2015 and is currently estimated at $1,429,217, approximately $323 per square foot. This property was built in 1906. 948 Locust Ave is a home located in Los Angeles County with nearby schools including Oropeza Elementary, Washington Middle School, and Long Beach Polytechnic High 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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