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$1275000   Price Analysis
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1415 Locust Ave
Long Beach, CA 90813
10 bed 5 bath 3833 SqFt ($332/SqFt)
3774SqFt lot. Built 1929
Listed 2024-05-20, Taxes $13591
Ⓧ USDA Ineligible
due to price & location

near Long Beach

Rent increases of 8.8% (max allowed)

* Has Contingent Offer *

Have been issued; unit analysis has been updated to reflect. 1929 Spanish 4 plex with long term tenants. 2 buildings, each 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 r oom. / #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 Pinted. 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 Under Contract
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$764164 + $309170
$1073334
$13591
2021$749181 + $303108
$1052289
$13311
2020$461553 + $274732
$736285
$9612
2019$452503 + $269346
$721849
$9500
2018$443631 + $264065
$707696
$9229
2017$434933 + $258888
$693821
$9132
2016$426405 + $253812
$680217
$8478
2015$420000 + $250000
$670000
$8144
2014$244886 + $204926
$449812
$5744
2013$243780 + $204000
$447780
$5573
2012$239000 + $200000
$439000
$5659
2010$233300 + $166700
$400000
$5068
2009$452455 + $337717
$790172
$9363
2009$233300 + $166700
$400000
$9363
2008$443584 + $331096
$774680
$8724
2007$434887 + $324604
$759491
$8505

Listed 2024-05-20
$1275000
CRMLS
Sold 2020-05-22
$1041514
CRMLS
Listing removed 2020-02-06
$0
CRMLS
Price Changed 2020-01-16
$1397000
CRMLS
Price Changed 2019-04-22
$1499000
CRMLS
Listed 2019-01-14
$1599000
CRMLS
Listing removed 2014-09-30
$660000
CRMLS
Sold 2014-09-29
$670000
Public Record
Listing removed 2014-05-15
$675000
CRMLS
Listed 2014-05-13
$660000
CRMLS
Relisted 2014-05-12
$675000
CRMLS
Listing removed 2014-03-07
$675000
CRMLS
Price Changed 2013-12-11
$675000
CRMLS
Price Changed 2013-12-10
$670000
CRMLS
Listed 2013-12-03
$660000
CRMLS
Sold 2011-08-22
$439000
ITECH
Listing removed 2011-07-01
$439000
TheMLSCLAW
Relisted 2011-06-27
$439000
TheMLSCLAW
Listing removed 2011-06-23
$439000
TheMLSCLAW
Relisted 2011-06-16
$439000
TheMLSCLAW
Listing removed 2011-05-17
$439000
TheMLSCLAW
Listed 2011-05-13
$439000
ITECH
Listed 2011-05-13
$439000
TheMLSCLAW
Sold 2005-06-10
$730000
Public Record
Listing removed 2003-12-31
$473000
ITECH
Sold 2003-12-03
$457000
ITECH
Listed 2003-10-19
$472000
ITECH
Listed 2003-09-03
$473000
ITECH
Sold 2001-05-09
$189000
ITECH
Listing removed 2001-04-30
$199000
ITECH
Listed 2001-04-30
$199000
ITECH
Listed 2001-02-23
$199000
ITECH
Listed 2001-02-23
$199000
ITECH
Listing removed 2001-02-11
$209000
ITECH
Listed 2000-08-11
$209000
ITECH
Sold 1998-08-28
$150000
Public Record
Sold 1997-06-02
$103180
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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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.