Search
2161 Locust Ave, Long Beach, CA 90806
Image 2 for 2161 Locust Ave, Long Beach, CA 90806
Image 3 for 2161 Locust Ave, Long Beach, CA 90806
View Photos

2161 Locust Ave Long Beach, CA 90806

$1,235,000
  • 7 Beds
  • 6 Baths
  • 2,925 Sq.Ft.
For Sale
$1,235,000 Get Pre-Qualified
Map preview of 2161 Locust Ave, Long Beach, CA 90806

Property Overview: 2161 Locust Ave Long Beach, CA has 7 bedrooms, 6 bathrooms, 2,925 living square feet and 6,263 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: 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 bathroom units. All the units have been fully renovated within the past 5 years. 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 miss out on this steady investment opportunity.

Listed by George Bustamante | BRE #01484265 | Coldwell Banker Commercial
Co-listed by Christa Vessell | BRE #02058824 | Coldwell Banker Commercial
Last checked: 1 minute ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 59
Get a $2,779 Cash Reward New

Buy this home with Ardent Real Estate Group and get $2,779 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
6,263
HOA Dues
$0/mo
Year built
1920
Garage
4 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW24043536
City
Long Beach
County
Los Angeles
Time on Site
59 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,343
  • Total Rent: $4,029
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,178
  • Total Rent: $2,178
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,147
  • Total Rent: $2,147
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.6%
  • Gross Rent Multiplier: 12.3
  • Gross Scheduled Income: $100,248
  • Net Operating Income: $68,976
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $28,265
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 2161 Locust Ave

No upcoming open houses

Schedule Tour

Property Details for 2161 Locust Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Walkstreet, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 7208025011
  • Year Built Source: Assessor
  • Entry Level: 1
  • 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: Locust Ave & south of Hill St.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 2161 Locust Ave

Last sold for $436,000 on June 26th, 2015

  • March, 2024

  • Mar 3, 2024

    Date

    Active

    CRMLS: PW24043536

    $1,235,000

    Price

  • March, 2024

  • Mar 2, 2024

    Date

    Expired

    CRMLS: PW23214343

    $1,240,000

    Price

  • Nov 20, 2023

    Date

    Active

    CRMLS: PW23214343

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    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 bathroom units. All the units have been fully renovated within the past 5 years. 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 miss out on this investment opportunity.

  • June, 2015

  • Jun 26, 2015

    Date

    Sold (Public Records)

    Public Records

    $436,000

    Price

  • June, 2003

  • Jun 12, 2003

    Date

    Sold (Public Records)

    Public Records

    $330,000

    Price

Show More

Tax History for 2161 Locust Ave

Assessed Value (2020): $568,502
Year Land Value Improved Value Assessed Value
2020 $219,787 $348,715 $568,502

Home Value Compared to the Market

This property vs the competition

2161 Locust Ave is listed 54.39% 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 $422.22 per/sqft which puts the price per square foot 34.44% lower than the median price per square foot for the city of Long Beach.

About 2161 Locust Ave

Detailed summary of property

2161 Locust Ave is a mixed use located in Long Beach, CA 90806 and is currently for sale. This mixed use property offers 7 bedrooms, 6 bathrooms, roughly 2,925 living square feet, and sits on an approximately 6,263 square foot lot. 2161 Locust Ave was first listed on ArdentRealEstateGroup.com on March 3, 2024. The homeowner is currently asking $1,235,000. 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 54.39% higher than the median priced home. Local competing homes currently for sale include 5423 Dairy Ave, 16291 Countess Dr #310 and 9504 Telegraph Rd. While the average home in Long Beach, CA is selling in 54 days, 2161 Locust Ave has a days on market of 59 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 2161 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 2161 Locust Ave

Public county record property details
Beds
6
Baths
5
Year built
1920
Sq. Ft.
2,999
Lot Size
6,261
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
7208-025-011

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
$829,000
Median List Price/Sq.Ft.
$589
Median Sold Price
$549,000
Median Sold Price/Sq.Ft.
$664
Total Inventory
14
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%)

Tour This Home

Buy with Ardent Real Estate Group and save $2,779.

Image Description
Contact Jon
Long Beach Agent
Call, Text or Message
(714) 706-1823
Get a $2,779 Cash Reward New

Buy this home with Ardent Real Estate Group and get $2,779 back.

Call/Text (714) 706-1823

Homes for Sale Near 2161 Locust Ave

Nearby Homes for Sale

1135 Linden Avenue, Long Beach, CA 90813
$1,450,000
8 Beds
7 Baths
4146 Sq.Ft.
1135 Linden Avenue
Long Beach, CA 90813
1126 E Arcadia Court, Long Beach, CA 90813
$1,198,000
7 Beds
5 Baths
2886 Sq.Ft.
1126 E Arcadia Court
Long Beach, CA 90813
1380 Cherry Ave, Long Beach, CA 90813
$1,100,000
3 Beds
4 Baths
2752 Sq.Ft.
1380 Cherry Ave
Long Beach, CA 90813
1830 W Willow St, Long Beach, CA 90810
$1,195,000
6 Beds
6 Baths
3250 Sq.Ft.
1830 W Willow St
Long Beach, CA 90810
1613 E 7th St, Long Beach, CA 90813
$989,900
7 Beds
4 Baths
3876 Sq.Ft.
1613 E 7th St
Long Beach, CA 90813
1120 Raymond Ave, Long Beach, CA 90804
$1,340,000
9 Beds
4 Baths
3720 Sq.Ft.
1120 Raymond Ave
Long Beach, CA 90804
1073 Orizaba Ave, Long Beach, CA 90804
$1,209,000
5 Beds
3 Baths
2044 Sq.Ft.
1073 Orizaba Ave
Long Beach, CA 90804
1202 E Plymouth St, Long Beach, CA 90805
$995,000
0 Beds
1 Baths
3200 Sq.Ft.
1202 E Plymouth St
Long Beach, CA 90805

Recently Sold Homes Near 2161 Locust Ave

2185 Pacific Ave, Long Beach, CA 90806
$1,500,000 Last Sold Price
6 Beds
8 Baths
6612 Sq.Ft.
2185 Pacific Ave
Long Beach, CA 90806
324 E 19th St, Long Beach, CA 90806
$900,000 Last Sold Price
6 Beds
6 Baths
2520 Sq.Ft.
324 E 19th St
Long Beach, CA 90806
2140 Magnolia Ave, Long Beach, CA 90806
$2,300,000 Last Sold Price
12 Beds
12 Baths
8404 Sq.Ft.
2140 Magnolia Ave
Long Beach, CA 90806
1164 E Salt Lake St, Long Beach, CA 90806
$1,020,000 Last Sold Price
8 Beds
4 Baths
2954 Sq.Ft.
1164 E Salt Lake St
Long Beach, CA 90806

Related Resources to 2161 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.

Call