$1,235,000 Price Analysis   ♡   Long Beach, CA 90806 7 bed 6 bath 2,925 SqFt ($422/SqFt) 6,263SqFt lot. Built 1920 Listed 2024-03-03, Taxes $17,381 | Ⓧ USDA Ineligible due to price & location near Long Beach |
We are pleased to present 2161 Locust Avenue
A 5-unit investment property in Long Beach, California. This property has a 2 bedroom 1 bath house in front and the back structure has 3-1 bedroom units and 1- 2 bedroom two ba throom units.
All the units have been fully renovated within the past 5 years. Brand new electrical panels were added and there are 4 garages. The property has excellent cash flow and upside with much of the hard work already done. You don't want to mss out on this steady investment opportunity.
Presented by First Team Real Estate at
Coldwell Banker Commercial.
Property MLS #PW24043536 from CRMLS
Heating: Yes
Lot Size Acres: 0.1437787
Lot Size Source: Assessor
Lot Size Square Feet: 6263
Parking Total: 6
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 2
Unit-1 Garage Spaces: 3
Unit-3 Garage Spaces: 1
County: Los Angeles
Cap Rate: 5.60
Source Property Type: Residential Income
Area: 5 - Wrigley Area
Source Neighborhood: Wrigley Area (WR)
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 5
Parcel Number: 7208025011
Postal Code Plus 4: 4707
Subdivision: Wrigley Area (WR)
Zoning: LBR2N
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $693,600 + $612,000 $1,305,600 | $17,381 |
| 2021 | $352,105 + $222,063 $574,168 | $8,602 |
| 2020 | $348,495 + $219,787 $568,282 | $8,582 |
| 2019 | $254,262 + $215,478 $469,740 | $7,402 |
| 2018 | $249,277 + $211,253 $460,530 | $6,247 |
| 2017 | $244,390 + $207,111 $451,501 | $6,182 |
| 2016 | $239,599 + $203,050 $442,649 | $5,765 |
| 2015 | $180,759 + $216,912 $397,671 | $5,115 |
| 2014 | $177,219 + $212,663 $389,882 | $5,104 |
| 2013 | $176,419 + $211,702 $388,121 | $4,953 |
| 2012 | $172,960 + $207,551 $380,511 | $5,026 |
| 2010 | $169,569 + $203,482 $373,051 | $4,778 |
| 2009 | $168,702 + $202,442 $371,144 | $4,731 |
| 2009 | $168,302 + $201,962 $370,264 | $4,731 |
| 2008 | $165,395 + $198,473 $363,868 | $4,408 |
| 2007 | $162,152 + $194,582 $356,734 | $4,287 |
$1,235,000
CRMLS
Listing removed 2024-03-03
$0
CRMLS
Price Changed 2024-02-20
$1,240,000
CRMLS
Price Changed 2024-02-02
$1,275,000
CRMLS
Listed 2023-11-20
$1,295,000
CRMLS
Sold 2021-04-30
$1,280,000
Public Record
Sold 2017-06-23
$436,000
CRMLS
Sold 2015-06-26
$436,000
Public Record
Listed 2015-04-10
$465,000
CRMLS
Listing removed 2014-11-03
$1,675
RentalRoost
Listing removed 2014-10-31
$1,495
Appfolio
Price Changed for rent 2014-10-20
$1,495
Appfolio
Price Changed for rent 2014-10-07
$1,500
Appfolio
Price Changed for rent 2014-09-23
$1,550
Appfolio
Price Changed for rent 2014-09-08
$1,595
Appfolio
Listed for rent 2014-09-02
$1,675
RentalRoost
Price Changed for rent 2014-08-30
$1,650
Appfolio
Listed for rent 2014-08-15
$1,675
Appfolio
Sold 1999-07-13
$144,000
Public Record
Year Built: 1920
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Street
Property Age: 104
Property Attached: Yes
Levels or Stories: One, Two
Building Total Stories: 1
Structure Type: Commercial/Residential
Year Built Source: Assessor
Water Source: Public
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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.