1013 Locust Avenue

Long Beach, CA 90813

$1,699,000
Price
7
Beds
7
Baths
4,693 Sq. Ft.
$362 / Sq. Ft.
4,693
Sq. Ft.
$362
per Sq. Ft.
a view of a windows and chandelier in a room
a kitchen with appliances a counter space and a sink
a bathroom with a toilet sink and mirror
a spacious bathroom with a sink and a mirror
a bathroom with a double vanity sink and mirror
a close up of a sink
a bathroom with a sink a toilet and shower
an empty room with wooden floor fan and windows
a close view of a sink a vanity and window in a room
a bathroom with a sink and a mirror
a bathroom with a toilet and a shower
an empty room with wooden floor and windows
a view of a room with wooden floor
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a view of an empty room with a window and wooden floor
a bathroom with a shower sink and mirror
a view of a closet
a room with a door and a wooden floor
an empty room with wooden floor cabinet and windows
a view of an empty room with wooden floor fireplace and a window
a large kitchen with a large counter top space cabinets and stainless steel appliances
a kitchen with a refrigerator and a stove
a view of a room with wooden floor and window
a view of a livingroom with a fireplace a chandelier and wooden floor
a view of a double vanity sink and a mirror in a room
a view of an empty room with wooden floor and a window
a view of empty room with wooden floor
a view of entryway
an empty room with wooden floor and windows
a view of a windows in a room
a view of an empty room with wooden floor fireplace and a window
a view of a room with wooden floor and windows

Description

This is the high cash flow turn key multi-family you have been looking for! Every one of these units have been beautifully remodeled and all have their own private laundry! The rear building has had extensive updates and consist of 4 units offering refinished hardwood floors in some units while others have new water resistant laminate. Other upgrade includes new bathrooms, upgraded plumbing, lovely updated vintage kitchens loads of storage, mud rooms with rear exits and each with their own private...This is the high cash flow turn key multi-family you have been looking for! Every one of these units have been beautifully remodeled and all have their own private laundry! The rear building has had extensive updates and consist of 4 units offering refinished hardwood floors in some units while others have new water resistant laminate. Other upgrade includes new bathrooms, upgraded plumbing, lovely updated vintage kitchens loads of storage, mud rooms with rear exits and each with their own private laundry hook ups, new light fixtures, stainless appliances installed and much more! All located on a huge lot with large common area for tenants. The front duplex is stunning with a huge owner's unit that is absolutely incredible! Offering soaring coved ceilings, stunning formal dining room with grand bay window and original huge with pocket doors! The gigantic formal living/family room has to bee seen with faux fireplace with all original built in book shelves. There is even a grand formal entry, gorgeous kitchen that is stunning to say the least with solid surface counter tops, amazing light fixtures offering many new upgrades but some original built-in cabinets remain. There are 2 bedrooms one leading out to a really cool private side patio exclusive to the unit and the other bedroom is on the second floor with an enormous walk in closet with access to an huge attic space and 1.5 baths total! The main floor bathroom is enormous and has been fully remodeled. The duplex has a new roof installed and the rear 4 unit has had white coating with a 5 year warranty for added heat prevention. There is a 1 stall detached garage currently used as storage that has the preliminary approval for an ADU conversion, and the finished plans will be provided to the Buyer! Also, the very unique PD-30 zoning on this particular property could allow you to possibly add MANY more units in the future! (Buyer to verify independently) Truly the possibilities are endless or keep it as it is making great cash flow! All units are separately metered for gas and electric. (All photos were taken after remodel and before tenants moved in, condition may vary)
  1. Listed by Shawn Mohler • DRE #01910887 • Brokerage DRE #01910887 • The Mohler Real Estate Group • 562-505-7953

Property Details for 1013 Locust Avenue

Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
6.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4693
Assessor Parcel Number
7273-006-016
LISTING UPDATED: 11/28/2024 03:36 AM

Property Details for 1013 Locust Avenue

StatusActive
MLS #PW24110123
Days on Market135
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
CountyLos Angeles County

Building Information for 1013 Locust Avenue

Building/Complex1013 Locust AveFloor-Stories2Residences-Pet Policy-Year Built1905Building Size-

Property Information for 1013 Locust Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $15,440
  • Gross Scheduled Income: $156,300
  • Net Operating Income: $151,300
Expense Details
  • Operating Expense: $5,000
  • Fuel Expense: $0
  • Electric Expense: $200
  • Insurance Expense: $2,000
  • Professional Management Expense: $0
  • Trash Expense: $500
  • Water Sewer Expense: $200
  • Total Expenses: $5,000
Tax / Assessment Info
  • Tax Tract Number: 4
  • Tax Census Tract: 5763.01
  • CFD/Mello-Roos Fee: $1,207
  • Tax Lot: 21
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Floor Furnace, Wall
  • Heating: Floor Furnace, Wall Furnace
  • Heat Equipment: Floor Furnace
Exterior Features
  • Entry Location: 1
  • Property Condition: Turnkey, Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Electric: Cable Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: No
  • Parking Garage: None
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: None
Property / Structure Info
  • Builders Tract Name: Downtown
  • Builders Tract Code: Downtown (DT)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,075
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,925
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,025
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,125
  • Unit Type Pro Forma: 2175
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,975
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,850
  • Unit Type Total Rent: $2,875
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 1013 Locust Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1013 Locust Avenue

Taxable ValueLand$958,800Additions$520,970Total$1,479,770
Tax Record2024$19,592 ($1,633 / month)
Home Facts
Total Finished SqFt4,693 SqFtAbove Grade Finished SqFt4,693 SqFtLot Size7,558 SqFtStyleMulti-Family Res (5+ Units)Year Built1905ZoningLBR4NCountyLOS ANGELESAPN7273-006-016

Schools near 1013 Locust Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Roosevelt Elementary School
Public - K to 5
Washington Middle School
Public - 6 to 8
Polytechnic High School
Public - 9 to 12
Renaissance High School For The Arts
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Downtown Long Beach

Neighborhoods

Cities

ZIPs

More information about 1013 Locust Avenue, Long Beach, CA 90813

1013 Locust Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on May 30, 2024 by The Mohler Real Estate Group, it's currently listed at $1,699,000. It has been on the market for a total of 135 days and was last sold on July 18, 2022. This listing's school district is Long Beach Unified School District. Nearby schools include Roosevelt Elementary School, Washington Middle School and Polytechnic High School. 1013 Locust Avenue is a 7-bed, 7-bath, 4,693 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Mohler Real Estate Group, Shawn Mohler, DRE #01910887

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.