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2018 Locust Ave #13, Long Beach, CA 90806
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2018 Locust Ave #13 Long Beach, CA 90806

$3,350,000
  • -- Beds
  • -- Baths
  • 11,626 Sq.Ft.
For Sale
$3,350,000 Get Pre-Qualified
Map preview of 2018 Locust Ave #13, Long Beach, CA 90806

Property Overview: 2018 Locust Ave #13 Long Beach, CA has -- bedrooms, -- bathrooms, 11,626 living square feet and 12,958 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: Welcome to an exceptional investment opportunity in the heart of Long Beach, California! Presenting a well-maintained multi-family building with 13 apartments, this property is a prime addition to any discerning investor's portfolio. Current rents are below market rents, and have potential for increase. As opposed to most multi-family properties in Long Beach, the apartment size of 900 Sqft. each and 2 units of 1,100 & 1,400 sqft, because of the size of each unit (900 sqft), investors can change the units from 1 bedroom to 2 bedrooms, and increase the rent. make the units very spacious and desirable. Situated just off Long Beach Blvd. and 20th Street, this multi-family building enjoys proximity to convenient city amenities, renowned beaches, and convenient access to major thoroughfares. With potential rent increase, this property offers a very lucrative income, making it a very savvy investment. New roof installed in 2019 as well as a new sewer line.

Listed by David Crispel | BRE #01751684 | Premier Realty Associates
Last checked: 6 minutes ago | Last updated: March 5th, 2024 | Source CRMLS | DOM: 75
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Home details

Lot Sq. Ft
12,958
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Other
Status
Active
MLS#
24353885
City
Long Beach
County
Los Angeles
Time on Site
86 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $92,725
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2018 Locust Ave #13

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Property Details for 2018 Locust Ave #13

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • Has Heating
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
Property Information
  • Total # of Units: 13
  • Parcel Number: 7209013029
Location / Neighborhood
Location Information
  • Directions: 405 fwy to Long Beach Blvd, right on 20th, right on Locust
View more facts & features

Local Long Beach Agent

Sale History for 2018 Locust Ave #13

Last sold for $2,800,000 on December 30th, 2019

  • January, 2024

  • Jan 31, 2024

    Date

    Active

    CRMLS: 24353885

    $3,350,000

    Price

  • December, 2019

  • Dec 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,800,000

    Price

  • March, 2002

  • Mar 1, 2002

    Date

    Sold (Public Records)

    Public Records

    $625,000

    Price

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Tax History for 2018 Locust Ave #13

Assessed Value (2020): $2,800,000
Year Land Value Improved Value Assessed Value
2020 $1,000,000 $1,800,000 $2,800,000

Home Value Compared to the Market

This property vs the competition

2018 Locust Ave #13 is listed 318.75% higher than the median list price for the city of Long Beach which has a median list price of $800,000. The median price per/sqft for Long Beach is $633 and this home is listed at $288.15 per/sqft which puts the price per square foot 54.48% lower than the median price per square foot for the city of Long Beach.

About 2018 Locust Ave #13

Detailed summary of property

2018 Locust Ave #13 is a other located in Long Beach, CA 90806 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 11,626 living square feet, and sits on an approximately 12,958 square foot lot. 2018 Locust Ave #13 was first listed on ArdentRealEstateGroup.com on February 1, 2024. The homeowner is currently asking $3,350,000. The median priced home in Long Beach is $800,000 with a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 318.75% higher than the median priced home. Local competing homes currently for sale include 731 W 80th, 1338 W Manchester Ave and 7651 5th St. While the average home in Long Beach, CA is selling in 56 days, 2018 Locust Ave #13 has a days on market of 75 days. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. For more information on this home for sale at 2018 Locust Ave #13 Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2018 Locust Ave #13

Public county record property details
Beds
16
Baths
13
Year built
1963
Sq. Ft.
11,626
Lot Size
12,955
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12-13
APN
7209-013-029

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$829,000
Median List Price/Sq.Ft.
$589
Median Sold Price
$549,000
Median Sold Price/Sq.Ft.
$664
Total Inventory
16
Median Sale to List Price %
91.5%
Avg Days on Market
21
Loan Type
Conventional (62.5%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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Recently Sold Homes Near 2018 Locust Ave #13

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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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