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735 Locust Ave, Long Beach, CA 90813
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735 Locust Ave Long Beach, CA 90813

$1,300,000 Sold Price as of 04/28/2023
  • -- Beds
  • -- Baths
  • 5,308 Sq.Ft.
Sold
$1,300,000 Sold Price as of 04/28/2023 Refinance Your Mortgage
Map preview of 735 Locust Ave, Long Beach, CA 90813

Property Overview: 735 Locust Ave Long Beach, CA has -- bedrooms, -- bathrooms, 5,308 living square feet and 7,553 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautiful 1919 "Art Deco" exterior makes this one of the most unique properties in all of Long Beach. 5308 Sq ft of living space on a 7,533 sq. ft lot. All 4 units are 2 bed, 1 bath configuration. This property is idealfor investors looking to capitalize on the current interest from the fast growing Pike-Pine corridor. The property has a large off-street parking lot in the back with alley access making it perfect for your ADU additions, with city approval. Long term tenants that have never been late or delinquent and will maintain this property in top condition. Each apartment has laundry hook ups inside their unit.The location of this home is amazing! It is walking distance to historic Pine Ave, the Pike, and downtown's plethora of restaurants.

Listed by Rusty Spragg | BRE #01889784 | LaVenta Realty
Last checked: 13 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 185

Home details

Lot Sq. Ft
7,553
HOA Dues
$0/mo
Year built
1919
Garage
--
Property Type:
Other
Status
Sold
MLS#
22200405
City
Long Beach
County
Los Angeles
Time on Site
423 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.73%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $48,429
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 735 Locust Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
Property Information
  • Total # of Units: 4
  • Parcel Number: 7273022008
Location / Neighborhood
Location Information
  • Directions: 710, exit Shoreline to 6th st. Left on Pine, Right on 7th, Left on Locust.
View more facts & features

Local Long Beach Agent

Sale History for 735 Locust Ave

Last sold for $1,300,000 on April 28th, 2023

  • April, 2023

  • Apr 28, 2023

    Date

    Sold

    CRMLS: 22200405

    $1,300,000

    Price

  • Sep 16, 2022

    Date

    Active

    CRMLS: 22200405

    $1,699,900

    Price

Tax History for 735 Locust Ave

Assessed Value (2020): $431,795
Year Land Value Improved Value Assessed Value
2020 $208,935 $222,860 $431,795

Home Value Compared to the Market

This property vs the competition

735 Locust Ave sold on April 28, 2023 for 62.5% 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 $244.91 per/sqft which puts the price per square foot 61.25% lower than the current median sale per square foot for the city of Long Beach.

About 735 Locust Ave

Detailed summary of property

735 Locust Ave is a other that recently sold in Long Beach, CA 90813. This property offered -- bedrooms, -- bathrooms, roughly 5,308 living square feet, and sits on an approximately 7,553 square foot lot. 735 Locust Ave was first listed on ArdentRealEstateGroup.com on March 15, 2023. The homeowner sold the property for $1,300,000. 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 62.5% higher than the current median priced home. Local homes that are currently for sale include 5314 S Broadway, 4600 S Central Ave and 2214 W Florence Ave. While the average home in Long Beach, CA is selling in 51 days, 735 Locust Ave has a days on market of 185 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 735 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 735 Locust Ave

Public county record property details
Beds
8
Baths
4
Year built
--
Sq. Ft.
5,308
Lot Size
7,553
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
7273-022-008

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
$570,000
Median List Price/Sq.Ft.
$542
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
31
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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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