6 months on rocket

1013 Locust Ave, Long Beach, CA, 90813

$1,699,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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1013 Locust Ave, Long Beach$1,699,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingNone
Garage1 space
Year Built1905
HeatingFloor Furnace, Wall Furnace
CoolingNone
FireplaceNone
MLS #PW24110123
Lot Size0.17 Acres
StatusActive

About 1013 Locust Ave

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)

Property Details

Property Features

Property Information:

  • Year Built: 1905
  • Stories: 2

Listing Office:

  • Office Name: The Mohler Real Estate Group
  • Office Phone: (562) 505-7953
  • Listing Agent: Shawn Mohler

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace, Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: West of Long Beach Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,699,000

Tax Information:

  • Annual Amount: $14,469
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$825.1K

Med. Price/SqFt

$633

Avg. Days On Market

35

# of Sold Homes

162

1013 Locust Ave vs Long Beach

200 DAYS ON ROCKET

+165 Days

$1,699,000

+$873.8K More

KEY TAKEAWAY

This property is $873.8K more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24110123

Listing Office:

  • Office Name: The Mohler Real Estate Group
  • Office Phone: (562) 505-7953
  • Listing Agent: Shawn Mohler

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$14,469$1,122,269
2020$4,802$312,550
2019$4,617$306,423
2018$4,569$300,415
2017$4,569$294,525

History based on county public records data.

Payment Calculator

$8,547

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,160

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4364768
5
/10

  • Oropeza Elementary School

  • 700 Locust Ave

  • 0.23 miles

  • Public District Grades KG-5

school-card-donut-4364769
6
/10

  • Roosevelt Elementary School

  • 1574 Linden Ave

  • 0.59 miles

  • Public District Grades KG-5

school-card-donut-4364770
5
/10

  • Robert Louis Stevenson Elementary School

  • 515 Lime Ave

  • 0.60 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,205. The most common annual income of people living in Long Beach, CA is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1013 Locust Ave

What is the listing price of this property?

The listing price of 1013 Locust Ave property is $1,699,000.

What type of property is this?

The property 1013 Locust Ave is a condo located in Long Beach, California, 90813.

Is this property for sale now?

Active Listing: 1013 Locust Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $14,469 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 1013 Locust Ave is 1905.

Rocket Homes›California›Los Angeles County›Long Beach›90813›1013 Locust Ave

This home is located at 1013 Locust Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This home, which was built in 1905, sits on a 0.17 acre lot. It has been listed on Rocket Homes since June 01, 2024 and is currently priced at $1,699,000.

While more than 66 listings in Long Beach, CA in November 2024 were sold above asking price, there were more than 32 listings sold at asking price, and more than 64 were sold below. The number of homes for sale in Long Beach, CA decreased by 10.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 35 days, the median list price was $825,128.

From Rocket Homes Real Estate and based on county public records data.

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