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$1,275,000   Price Analysis
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1415 Locust Ave
Long Beach, CA 90813
10 bed 5 bath 3,833 SqFt ($332/SqFt)
3,774SqFt lot. Built 1929
Listed 2024-05-20, Taxes $13,591
Ⓧ USDA Ineligible
due to price & location

near Long Beach

Rent increases of 8.8% (max allowed)

Have been issued; unit analysis has been updated to reflect. 1929 Spanish 4 plex with long term tenants. 2 buildings, ach with 2 units, separated by a courtyard. Configuration of each unit is as follows: #1415 (Bottom Left) and #1417 (Top Left): Both each have 2 bedrooms + 1 bath .

1415 has a laundry room, 1417 has a utility room. / #1419 (Bottom right): 2 bedrooms + 1 bath + laundry room/ #1421 (Upper Right, sits over the 3-car garage): 4 bedroom + bonus room + laundry room. 3 units have access to one garage each. Property has been maintained and in many ways updated. Exterior Recently Painted. Updated Electric Panel. Newer Garbage Disposals and Water Heaters in 2 units.


Presented by Anne Marie Reggie at
Y Realty.
Listing Agent Photo

Property MLS #PW24071757 from CRMLS

Bedrooms: 10

Ceiling Fan(s)
Electronic Air Cleaner
Flooring: Laminate, Tile
Window Features: Double Pane Windows

Bonus Room, Laundry

Laundry Features: Inside

Full Bathrooms: 5

Lighting

Lot Description: 2-5 Units/Acre, Near Public Transit
Lot Size Acres: 0.0866391
Lot Size Source: Assessor
Lot Size Square Feet: 3774

Garage Spaces: 2
Parking Features: Parking YN: Yes, Parking Features: Garage Faces Side, Garage - Single Door, Other
Parking Total: 3

Number of Units: 4
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1

Number of Units Leased: 4
Tenant Pays: Cable TV, Electricity, Gas, Telephone
Rent Control: Yes

Community Features: Curbs, Sidewalks, Street Lights, Urban

Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.40
Source Property Type: Residential Income
Insurance Expense: 2873.00
Area: 4 - Downtown Area, Alamitos Beach
Source Neighborhood: Downtown (DT)
New Taxes Expense: 15938.00
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 7269013025
Postal Code Plus 4: 1809
Subdivision: Downtown (DT)
Walk Score: 89
Zoning: LBR4R
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$764,164 + $309,170
$1,073,334
$13,591
2021$749,181 + $303,108
$1,052,289
$13,311
2020$461,553 + $274,732
$736,285
$9,612
2019$452,503 + $269,346
$721,849
$9,500
2018$443,631 + $264,065
$707,696
$9,229
2017$434,933 + $258,888
$693,821
$9,132
2016$426,405 + $253,812
$680,217
$8,478
2015$420,000 + $250,000
$670,000
$8,144
2014$244,886 + $204,926
$449,812
$5,744
2013$243,780 + $204,000
$447,780
$5,573
2012$239,000 + $200,000
$439,000
$5,659
2010$233,300 + $166,700
$400,000
$5,068
2009$452,455 + $337,717
$790,172
$9,363
2009$233,300 + $166,700
$400,000
$9,363
2008$443,584 + $331,096
$774,680
$8,724
2007$434,887 + $324,604
$759,491
$8,505

Listed 2024-05-20
$1,275,000
CRMLS
Sold 2020-05-22
$1,041,514
CRMLS
Listing removed 2020-02-06
$0
CRMLS
Price Changed 2020-01-16
$1,397,000
CRMLS
Price Changed 2019-04-22
$1,499,000
CRMLS
Listed 2019-01-14
$1,599,000
CRMLS
Listing removed 2014-09-30
$660,000
CRMLS
Sold 2014-09-29
$670,000
Public Record
Listing removed 2014-05-15
$675,000
CRMLS
Listed 2014-05-13
$660,000
CRMLS
Relisted 2014-05-12
$675,000
CRMLS
Listing removed 2014-03-07
$675,000
CRMLS
Price Changed 2013-12-11
$675,000
CRMLS
Price Changed 2013-12-10
$670,000
CRMLS
Listed 2013-12-03
$660,000
CRMLS
Sold 2011-08-22
$439,000
ITECH
Listing removed 2011-07-01
$439,000
TheMLSCLAW
Relisted 2011-06-27
$439,000
TheMLSCLAW
Listing removed 2011-06-23
$439,000
TheMLSCLAW
Relisted 2011-06-16
$439,000
TheMLSCLAW
Listing removed 2011-05-17
$439,000
TheMLSCLAW
Listed 2011-05-13
$439,000
ITECH
Listed 2011-05-13
$439,000
TheMLSCLAW
Sold 2005-06-10
$730,000
Public Record
Listing removed 2003-12-31
$473,000
ITECH
Sold 2003-12-03
$457,000
ITECH
Listed 2003-10-19
$472,000
ITECH
Listed 2003-09-03
$473,000
ITECH
Sold 2001-05-09
$189,000
ITECH
Listing removed 2001-04-30
$199,000
ITECH
Listed 2001-04-30
$199,000
ITECH
Listed 2001-02-23
$199,000
ITECH
Listed 2001-02-23
$199,000
ITECH
Listing removed 2001-02-11
$209,000
ITECH
Listed 2000-08-11
$209,000
ITECH
Sold 1998-08-28
$150,000
Public Record
Sold 1997-06-02
$103,180
Public Record

Net Operating Income: 69736.00

Total Square Feet Living: 3833
Year Built: 1929
Building Features: 2
Common Walls: 1 Common Wall
Construction Materials: Plaster, Stucco
Direction Faces: East
Entry Level: 1
Entry Location: front
Property Age: 95
Property Attached: Yes
Property Condition: Repairs Cosmetic, Updated/Remodeled
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 1200.00
Water Source: Public

Washington Middle School is a public middle school located approximately 0.2 miles away.
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Roosevelt Elementary School is a public elementary school located approximately 0.3 miles away.
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Polytechnic High School is a public high school located approximately 0.4 miles away.
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First Baptist Church School is a private elementary, middle and high school located approximately 0.3 miles away.
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