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1013 Locust Ave, Long Beach, CA 90813
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1013 Locust Ave Long Beach, CA 90813

$1,725,000
  • 7 Beds
  • 6.5 Baths
  • 4,693 Sq.Ft.
For Sale
$1,725,000 Get Pre-Qualified
Map preview of 1013 Locust Ave, Long Beach, CA 90813

Property Overview: 1013 Locust Ave Long Beach, CA has 7 bedrooms, 6.5 bathrooms, 4,693 living square feet and 7,524 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: HUGE PRICE REDUCTION FOR A QUICK SALE!!! This is the multi-family you have been looking for...these units are spacious, beautifully remodeled and all have their own private laundry. The rear 4 unit has been remodeled from head to toe with refinished hardwood floors, designer colors, new bathrooms, upgraded plumbing, lovely vintage kitchens, new light fixtures, stainless appliances installed and all located on a huge lot with large common area for tenants. The front duplex is stunning with a huge owner's unit that offers soaring ceilings, original built ins, huge kitchen with solid surface counter tops, 2 bedroom and 1.5 baths with endless storage and private side yard! The duplex has a new roof installed and the rear 4 unit has had white coating for added heat prevention. There is a 1 stall detached garage that has preliminary approval for an ADU conversion, and the plans will be provided to the Buyer! Also, the very unique PD-30 zoning on this particular building could allow you to add multiple other units in the future! This property is truly turnkey and a must see!! All photos are of the actual units after the remodel and before current tenants. All units are separately metered for gas and electric. Owner has identified another property and wants this sold, bring us an offer!!

Listed by Shawn Mohler | BRE #01910887 | The Mohler Real Estate Group
Last checked: 3 minutes ago | Last updated: April 25th, 2024 | Source CRMLS | DOM: 289
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Home details

Lot Sq. Ft
7,524
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Apartment
Status
Active
MLS#
PW23121157
City
Long Beach
County
Los Angeles
Time on Site
300 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,025
  • Total Rent: $2,025
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,975
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,025
  • Total Rent: $2,025
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $155,880
  • Net Operating Income: $150,880
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,000
  • Professional Management: $0
  • Water/Sewer: $200

Open Houses for 1013 Locust Ave

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Property Details for 1013 Locust Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Stone, Wood
Kitchen Information
  • Has Appliances
  • Gas Range, Refrigerator
Interior Features
  • Ceiling Fan(s), Copper Plumbing Partial, Laminate Counters, Pantry, Stone Counters, Unfurnished
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition, Rolled/Hot Mop
  • Has Fence
  • Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7273006016
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: East of Pacific North off 10th
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1013 Locust Ave

Last sold for $1,450,000 on July 18th, 2022

  • July, 2023

  • Jul 16, 2023

    Date

    Active

    CRMLS: PW23121157

    $1,925,000

    Price

  • July, 2022

  • Jul 18, 2022

    Date

    Sold

    CRMLS: PW22085143

    $1,450,000

    Price

  • Apr 26, 2022

    Date

    Active

    CRMLS: PW22085143

    $1,649,000

    Price

  • Listing provided courtesy of CRMLS

    Investors dream located in Downtown Long Beach! This sprawling 6 unit 7,524 square feet property framed in lush greenery has 2 quaint units in front and 4 units in back, perfect to accommodate several residents or renters with their own private space. With 6 total units, there are 5 1/1 units and 1 2/1 unit, each featuring seperate entries! Located only a few blocks from the beach, as well as convenient shops and dining along Pine Avenue, this residence makes living and enjoying life in Long Beach easy and accessible.

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Tax History for 1013 Locust Ave

Assessed Value (2020): $313,320
Year Land Value Improved Value Assessed Value
2020 $142,066 $171,254 $313,320

Home Value Compared to the Market

This property vs the competition

1013 Locust Ave is listed 115.65% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $367.57 per/sqft which puts the price per square foot 42.92% lower than the median price per square foot for the city of Long Beach.

About 1013 Locust Ave

Detailed summary of property

1013 Locust Ave is a apartment located in Long Beach, CA 90813 and is currently for sale. This apartment offers 7 bedrooms, 6.5 bathrooms, roughly 4,693 living square feet, and sits on an approximately 7,524 square foot lot. 1013 Locust Ave was first listed on ArdentRealEstateGroup.com on July 7, 2023. The homeowner is currently asking $1,725,000 and was originally asking $1,925,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 115.65% higher than the median priced home. Local competing homes currently for sale include 522 E Rhea St, 1967 Atlantic Ave and 17 Bonito Ave. While the average home in Long Beach, CA is selling in 54 days, 1013 Locust Ave has a days on market of 289 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 1013 Locust Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1013 Locust Ave

Public county record property details
Beds
6
Baths
6
Year built
1905
Sq. Ft.
4,693
Lot Size
7,557
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
7273-006-016

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$695,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
28
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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