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Long Beach, CA 90813 1415 Locust Avenue

$1,275,000

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Presented By: Anne Marie Reggie with Y Realty; 562-972-2079
  • MLS# PW24071757
  • 05/19/2024
  • Request Tour
  • Request Info
  • BedBeds • 10
  • BathBaths • 4
  • FootageSQFT • 3,833
  • GarageGarage • 3

Home Details

Rent increases of 8.8% (max allowed) have been issued; unit analysis has been updated to reflect. 1929 Spanish 4 plex with long term tenants. 2 buildings, each with 2 units, separated by a courtyard. Configuration of each unit is as follows: #1415 (Bottom Left) and #1417 (Top Left): Both each have 2 bedrooms + 1 bath . 1415 has a laundry room, 1417 has a utility room. / #1419 (Bottom right): 2 bedrooms + 1 bath + laundry room/ #1421 (Upper Right, sits over the 3-car garage): 4 bedroom + bonus room + laundry room. 3 units have access to one garage each. Property has been maintained and in many ways updated. Exterior Recently Painted. Updated Electric Panel. Newer Garbage Disposals and Water Heaters in 2 units.
Presented By: Anne Marie Reggie with Y Realty; 562-972-2079

Interior Features for 1415 Locust Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringLaminate, Tile
Heating Y/NNo
Laundry FeaturesInside
Total Stories2
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 1415 Locust Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.4
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, StreetLights, Sidewalks, Urban
Construction MaterialsPlaster, Stucco
CountyLos Angeles
Days on Market23
Directionsin off Long Beach Blvd at 14th St
Entry Locationfront
Exterior FeaturesLighting
Facing DirectionEast
Garage Spaces3.0
Garage Y/NYes
Gross Income89736.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense2873.0
Interior FeaturesCeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashtoNewLoan, Item1031Exchange
Lot Size Square Feet3774.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income69736.0
New ConstructionNo
Number of Units Leased4
NumberOfUnitsTotal4
Operating Expense20000.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property ConditionRepairsCosmetic, UpdatedRemodeled
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors, SecurityLights
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Subdivision NameDowntown (DT)
Tax Lot6
Taxes$15,938
Tenant PaysCableTV, Electricity, Gas, Telephone
Total Actual Rent6875.0
Trash Expense0.0
View Y/NNo
Walk Score89
Water Sewer Expense1200.0
Waterfront Y/NNo
Year Built1929
Year Built SourceAssessor
ZoningLBR4R

Exterior for 1415 Locust Avenue

Building Area Total3833.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre, NearPublicTransit
Lot Size Acres0.0866
Lot Size Area3774.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Other EquipmentAirPurifier
Parking FeaturesDoorSingle, Garage, Other, GarageFacesSide
SpaNo
Total Parking3.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,275,000
MLS#PW24071757
List Date 05/19/2024
Property Type Multi-Family
Phone 714.964.3311
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