Search
2065 Locust Ave, Long Beach, CA 90806
View Photos

2065 Locust Ave Long Beach, CA 90806

$1,212,000 Sold Price as of 11/09/2020
  • 11 Beds
  • 5 Baths
  • 3,376 Sq.Ft.
Sold
$1,212,000 Sold Price as of 11/09/2020 Refinance Your Mortgage
Map preview of 2065 Locust Ave, Long Beach, CA 90806

Property Overview: 2065 Locust Ave Long Beach, CA has 11 bedrooms, 5 bathrooms, 3,376 living square feet and 7,481 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: All Tenants are currently paying! Perfect Owner Occupied opportunity! Renovated, Major Cash Cow 4-plex at 2065 Locust Ave., Long Beach. One of the highest available Cap Rates on the market, this South Wrigley asset is perfect for anyone looking for immediate cash flow and low maintenance. On current rental income, the property operates at an incredible 5.39% Cap and 13.04 GRM. Locust Ave. has an incredibly strong unit mix, being comprised of (3) 2-bedroom/1-bath & (1) 5-bedroom/2-bath units. One 2 bedroom/1 bath unit can be delivered vacant at close of escrow. A very rare commodity in Long Beach, the property has (5) garages on site conveniently located for all tenants, as well as an opportunity for extra income for owners. Renovations to the property include granite counter tops, stainless steel appliances, new bathrooms/floors, and a full copper re-pipe. Locust was also re-stuccoed and has new interior/exterior paint. The property is also separately metered for gas and electric. With $6B in development flowing into the city, Long Beach has continued to rise as a top beach community. This is a perfect opportunity for any buyer to own a cash flowing asset in one of Southern California’s last affordable beach communities.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 2 minutes ago | Last updated: March 23rd, 2023 | Source CRMLS | DOM: 97

Home details

Lot Sq. Ft
7,481
HOA Dues
$0/mo
Year built
1940
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB20144327
City
Long Beach
County
Los Angeles
Time on Site
1394 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,126
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,126
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,126
  • Total Rent: $2,126
  • Pro Forma/Market Rent: $2,126
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $93,912
  • Net Operating Income: $65,995
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $25,100
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 2065 Locust Ave

Interior Features
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7209018011
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: 21st and Locust
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 2065 Locust Ave

Last sold for $1,212,000 on November 9th, 2020

  • May, 2021

  • May 8, 2021

    Date

    Expired

    CRMLS: SB20088048

    $2,000

    Price

  • Oct 7, 2020

    Date

    Withdrawn

    CRMLS: SB20088048

    $2,000

    Price

  • May 8, 2020

    Date

    Active

    CRMLS: SB20088048

    $2,000

    Price

  • Listing provided courtesy of CRMLS

    Newly Remodeled 2 bedroom unit With Large Patio and Parking available on-site. LOW Security Deposit - CALL NOW! Section 8 Approved Wood floors, granite counter tops, stainless steel appliances, and cherry wood cabinetry. This large unit has plenty of space and is in a great location on a quiet street within walking distance of the Metrolink. 2 Bedroom rents start at $2,000.00 on approved credit! Won’t Last Long Call today!

  • November, 2020

  • Nov 10, 2020

    Date

    Sold

    CRMLS: SB20144327

    $1,212,000

    Price

  • Oct 26, 2020

    Date

    Pending

    CRMLS: SB20144327

    $1,225,000

    Price

  • Sep 15, 2020

    Date

    Price Change

    CRMLS: SB20144327

    $1,225,000

    Price

  • Jul 21, 2020

    Date

    Active

    CRMLS: SB20144327

    $1,250,000

    Price

  • November, 2020

  • Nov 9, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,212,000

    Price

  • March, 2018

  • Mar 19, 2018

    Date

    Sold

    CRMLS: SB18062923

    $947,000

    Price

  • Mar 19, 2018

    Date

    Active

    CRMLS: SB18062923

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    4 unit Property all 2 bed + 1 bath. Units are in average shape. Needs upgrading. Used for Comp Purposes only.

  • November, 2017

  • Nov 17, 2017

    Date

    Sold (Public Records)

    Public Records

    $950,000

    Price

Show More

Tax History for 2065 Locust Ave

Assessed Value (2020): $989,800
Year Land Value Improved Value Assessed Value
2020 $377,400 $612,400 $989,800

Home Value Compared to the Market

This property vs the competition

2065 Locust Ave sold on November 9, 2020 for 53.12% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $362.86 per/sqft which puts the price per square foot 42.59% lower than the current median sale per square foot for the city of Long Beach.

About 2065 Locust Ave

Detailed summary of property

2065 Locust Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 11 bedrooms, 5 bathrooms, roughly 3,376 living square feet, and sits on an approximately 7,481 square foot lot. 2065 Locust Ave was first listed on ArdentRealEstateGroup.com on July 22, 2020. The homeowner sold the property for $1,212,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 53.12% higher than the current median priced home. Local homes that are currently for sale include 1562 W 31st St, 1015 Dawson Ave and 436 Gaviota Ave. While the average home in Long Beach, CA is selling in 51 days, 2065 Locust Ave has a days on market of 97 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 2065 Locust Ave 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 2065 Locust Ave

Public county record property details
Beds
10
Baths
5
Year built
1940
Sq. Ft.
3,376
Lot Size
7,500
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7209-018-011

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
$795,000
Median List Price/Sq.Ft.
$614
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$641
Total Inventory
13
Median Sale to List Price %
101.69%
Avg Days on Market
16
Loan Type
Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 2065 Locust Ave

Nearby Homes for Sale

1971 Locust Ave, Long Beach, CA 90806
$1,295,000
8 Beds
3 Baths
2869 Sq.Ft.
1971 Locust Ave
Long Beach, CA 90806
2175 Earl Ave, Long Beach, CA 90806
$1,109,000
5 Beds
3 Baths
2297 Sq.Ft.
2175 Earl Ave
Long Beach, CA 90806
2223 Locust Ave, Long Beach, CA 90806
$985,000
5 Beds
3 Baths
3034 Sq.Ft.
2223 Locust Ave
Long Beach, CA 90806
154 E Eagle St, Long Beach, CA 90806
$975,000
6 Beds
4 Baths
2118 Sq.Ft.
154 E Eagle St
Long Beach, CA 90806
1967 Atlantic Ave, Long Beach, CA 90806
$1,350,000
3 Beds
4 Baths
2176 Sq.Ft.
1967 Atlantic Ave
Long Beach, CA 90806
1044 Cedar Ave, Long Beach, CA 90813
$1,275,000
12 Beds
7 Baths
4766 Sq.Ft.
1044 Cedar Ave
Long Beach, CA 90813
1148 E Arcadia Court, Long Beach, CA 90813
$1,050,000
7 Beds
4 Baths
2503 Sq.Ft.
1148 E Arcadia Court
Long Beach, CA 90813
1367 Alamitos Ave, Long Beach, CA 90813
$1,090,000
4 Beds
2 Baths
1890 Sq.Ft.
1367 Alamitos Ave
Long Beach, CA 90813
930 E 11th St, Long Beach, CA 90813
$999,975
4 Beds
4 Baths
2952 Sq.Ft.
930 E 11th St
Long Beach, CA 90813
1120-1124 E Hellman St, Long Beach, CA 90813
$1,390,000
10 Beds
5 Baths
3000 Sq.Ft.
1120-1124 E Hellman St
Long Beach, CA 90813
1615 Cherry Ave, Long Beach, CA 90813
$1,275,000
9 Beds
4 Baths
3546 Sq.Ft.
1615 Cherry Ave
Long Beach, CA 90813
1562 W 31st St, Long Beach, CA 90810
$1,250,000
4 Beds
2 Baths
1696 Sq.Ft.
1562 W 31st St
Long Beach, CA 90810

Recently Sold Homes Near 2065 Locust Ave

2100 Earl Ave, Long Beach, CA 90806
$1,230,000 Last Sold Price
9 Beds
8 Baths
3620 Sq.Ft.
2100 Earl Ave
Long Beach, CA 90806
227 E Willard St, Long Beach, CA 90806
$841,000 Last Sold Price
7 Beds
5 Baths
3096 Sq.Ft.
227 E Willard St
Long Beach, CA 90806
232 E 21St St, Long Beach, CA 90806
$1,100,000 Last Sold Price
8 Beds
6 Baths
3996 Sq.Ft.
232 E 21St St
Long Beach, CA 90806
2115 Locust Ave, Long Beach, CA 90806
$1,175,000 Last Sold Price
8 Beds
5 Baths
4158 Sq.Ft.
2115 Locust Ave
Long Beach, CA 90806

Related Resources to 2065 Locust Ave

New Listings in 90806
Popular Zip Codes
Popular Cities
Other Long Beach Resources

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.

Refi Quote