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Views - Master on Main
Address
1160 LOCUST N Long Beach, CA
Price
$ 699,900
Property Attributes
  • MLS#OC18074017
  • TypeContingent
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaDowntown Area - Alamitos Beach
  • NeighborhoodWillmore District
  • Zip90813
  • StyleCraftsman
  • Price$ 699,900
  • Bedrooms5
  • Full Bathrooms1
  • Half Bathrooms1
  • Sqr Footage1850
  • Lot Size4,896 SqFt
Listing Provided Courtesy Of:
Serena Goss with HomeSmart, Evergreen Realty.
Property Description

PROPERTY IN NMTC ZONE (NEW MARKETS TAX CREDIT ZONE). **INVESTORS** DEFER TAXES ON CAPITAL GAINS BY INVESTING IN A QUALIFYING ASSET. Multi-Family with 20% Commercial Use helps reduce the tax basis of your investment up to 7 years and potentially can improve the Parking Ratio to less than 1 space per unit. Do not miss this opportunity to acquire the perfect CORNER LOT featuring ZERO SETBACKS and the ability to build a MUTLI-STORY, MULTI-FAMILY OR COMMERCIAL/OFFICE USE BUILDING UP TO 150 FT IN HEIGHT. This area is adjacent to Pine St. and has a number of EXCELLENT CONSUMER MEDICAL AND RETAIL ANCHORS in the immediate area. HEAVY CONSUMER DEMAND IN THIS AREA FOR HOUSING makes this the perfect lot to develop. LOT IS ZONED PD30 and is close walking distance to the Blue Line and Downtown Long Beach. Current property on the lot is a single family residence featuring 5 bedrooms and a loft space WITH AN ENORMOUS AREA FOR PARKING - 8 SPACES POSSIBLE. Owners originally purchased to develop themselves and had received preliminary approvals for developing the lot. This property also has excellent Income Producing Potential. Call today for a free Investment Profile including the City of Long Beach Planned Development Criteria for the area.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
4/2/2018 Listed $775,000
12/14/2018 10% - $699,900

General Features

Assessments Unknown
Assessments Y/N Yes
Attached Structure Detached
Community Features Urban
Directions RIGHT NEAR LONG BEACH BLVD AT 10TH AND LOCUST
HOA Fee 0.00
Levels Two
Listing Agent Serena Goss - BRE#01722982
Listing Agent State License 01722982
MLS Area 4 - Downtown Area, Alamitos Beach
Price Per Square Foot 378.32
Property SubType Commercial/Residential
School District Long Beach Unified
Special Listing Conditions Standard
Subdivision Willmore District (WM)
Subdivision Name Willmore District (WM)

Interior Features

Common Walls No Common Walls
Cooling None
Fireplace Features Living Room
Fireplace Y/N Yes
Full + 3/4 Baths 1
Full Baths 1
Half Baths 1
Laundry Features Gas & Electric Dryer Hookup
Laundry Y/N Yes
Main Level Bathrooms 2
Main Level Bedrooms 4
Room Type Loft, Main Floor Master Bedroom
Total Stories 2
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Exterior Features

Architectural Style Craftsman
Foundation Details Raised
Garage Spaces 0.00
Lot Features Corner Lot, Level with Street, Near Public Transit
Lot Size Acres 0.1124
Lot Size Area 4896.0000
Lot Size Source Assessor
Lot Size Square Feet 4896.00
Lot Size Units Square Feet
Other Structures Storage
Parking Features Driveway - Concrete, Side by Side, Tandem Uncovered
Parking Y/N Yes
Patio Y/N Yes
Patio/Porch Features Porch - Front
Pool Features None
Road Frontage Type City Street
Sewer Public Sewer
Total Parking 0.00
View Neighborhood
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90813

Price
AVG $1.25M
$700K
Visits
AVG 53
5
Year Built
AVG 1932
1910
Walkscore
AVG 91
91

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