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3735 Locust Ave, Long Beach, CA 90807
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3735 Locust Ave Long Beach, CA 90807

$990,000 Sold Price as of 11/24/2021
  • 4 Beds
  • 2 Baths
  • 1,751 Sq.Ft.
Sold
$990,000 Sold Price as of 11/24/2021 Refinance Your Mortgage
Map preview of 3735 Locust Ave, Long Beach, CA 90807

Property Overview: 3735 Locust Ave Long Beach, CA has 4 bedrooms, 2 bathrooms, 1,751 living square feet and 7,827 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Bread and butter location with good amount of upside potential in rent after modernization. Units have newer floors and exterior was recently painted. Lots of opportunity for a homeowner to rent second unit or for investor to upgrade. Both units are similar in size and are two bedrooms, one bath each. Front unit has a side yard and rear unit has rear patio with dog run leading to backyard. Plenty of space to build more units in back.

Listed by Daniel Casado | BRE #01920041 | Casado Real Estate Inc.
Last checked: 21 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
7,827
HOA Dues
$0/mo
Year built
1955
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21167929
City
Long Beach
County
Los Angeles
Time on Site
1025 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # 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: $2,099
  • Total Rent: $2,099
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,512
  • Total Rent: $1,512
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $43,332
  • Net Operating Income: $40,715
  • Gross Operating Income: --
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $2,616
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $720
  • Insurance: $0
  • Water/Sewer: $1,897

Property Details for 3735 Locust Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Kitchen
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7141008030
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North on Long Beach Blvd, right on Bixby Rd, right on Locust.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 3735 Locust Ave

Last sold for $990,000 on November 24th, 2021

  • October, 2021

  • Oct 12, 2021

    Date

    Price Change

    CRMLS: PW21167929

    $999,000

    Price

  • Aug 21, 2021

    Date

    Active

    CRMLS: PW21167929

    $1,099,900

    Price

  • Aug 17, 2021

    Date

    Active Under Contract

    CRMLS: PW21167929

    $1,099,900

    Price

  • Jul 30, 2021

    Date

    Coming Soon

    CRMLS: PW21167929

    $1,099,900

    Price

Tax History for 3735 Locust Ave

Assessed Value (2020): $683,400
Year Land Value Improved Value Assessed Value
2020 $408,000 $275,400 $683,400

Home Value Compared to the Market

This property vs the competition

3735 Locust Ave sold on November 24, 2021 for 24.88% 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 $570.53 per/sqft which puts the price per square foot 9.73% lower than the current median sale per square foot for the city of Long Beach.

About 3735 Locust Ave

Detailed summary of property

3735 Locust Ave is a multi family that recently sold in Long Beach, CA 90807. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,751 living square feet, and sits on an approximately 7,827 square foot lot. 3735 Locust Ave was first listed on ArdentRealEstateGroup.com on July 31, 2021. The homeowner sold the property for $990,000. 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 24.88% higher than the current median priced home. Local homes that are currently for sale include 930 E 11th St, 702 Cedar Ave and 1915 E 64th St. While the average home in Long Beach, CA is selling in 52 days, 3735 Locust Ave has a days on market of 69 days. There are currently 647 homes for sale in the Long Beach real estate market and 369 of them are single family homes while 262 of them are condos and 16 are townhomes. For more information on this home for sale at 3735 Locust Ave Long Beach, CA 90807 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 3735 Locust Ave

Public county record property details
Beds
4
Baths
2
Year built
1955
Sq. Ft.
1,751
Lot Size
7,827
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
7141-008-030

The source for these homes facts are from public records.

90807 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,159,000
Median List Price/Sq.Ft.
$586
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
65
Median Sale to List Price %
100%
Avg Days on Market
21
Loan Type
Conventional (50%), FHA (0%), VA (12.5%), Cash (25%), Other (8.33%)

Thinking of Selling?

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(714) 706-1823

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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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