ActiveResidential · sale

3642 Locust Ave

Long Beach, CA 90807

$1,410,000

  • 3 beds
  • 3 baths
  • 2,758 sq ft
  • 0.15 acres
  • Built 1987

Listed by First Team Real Estate · MLS #SB26101850

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1987.

Garage parking

3 garage spaces listed.

Property size

0.15 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Some homes get there all at once This one got there the right way shaped over the years by owners who actually lived in it and kept raising the bar Every decision was made with intention and it shows in the details rather than the finishes aloneThe front yard sets the tone before you reach the door with landscaping kept effortless by an automated sprinkler system and low voltage path lighting that brings the grounds to life after dark A custommade automatic gate secures the side driveway and rear of the property with keypad accessInside the sunken living room with its vaulted ceilings and floortoceiling brick fireplace sets the tone for the rest of the house The kitchen was made for someone who cooks and entertains with a large quartzite island topoftheline appliances a builtin wine fridge and a walkin pantry opening directly into the den Here is where a dry bar and hardwired surroundsound system make it the room guests never want to leaveThis home has two primary suites each with its own en suite bathroom finished with double marble vanities and large walkin showers enclosed in frameless glass The larger of the two adds a freestanding soaking tub with a custom niche and downstairs features a 3rd guest bedroom with a built in Murphy BedThe smart home system ties it all together anchored with fiber 25 Gbps and hardwired Ethernet throughout a wallmounted iPad control panel and automation covering lighting climate Audio Video and security cameras throughout the propertyThe rear of the property transitions naturally from inside to out with Sunbrella covered awnings shading the side and rear windows string lights overhead and a professional sixburner stainless steel BBQ with searing station inviting the kind of evenings that stretch past sunsetThe detached threecar garage carries the same attention to detail as the rest of the home finished with Italian porcelain tile flooring a stainless steeltopped wood workbench spanning nearly its full width and 220volt service for highspeed vehicle charging or whoever needs the space to do serious workHomes this thoughtfully curated where the pride of ownership is felt in every room and every decision rarely come to market

THE NEIGHBORHOOD

Explore the location.

3642 Locust Ave, Long Beach, CA 90807

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1987
Full baths
3
Garage spaces
3
Cooling
CentralAir
Heating
Central,Fireplaces,NaturalGas
Appliances
Barbecue,Dishwasher,FreeStandingRange,Freezer,GasCooktop,Disposal,GasOven,GasRange,GasWaterHeater,IceMaker,Microwave,Refrigerator,RangeHood,SelfCleaningOven,WaterToRefrigerator,WaterHeater,Dryer,Washer
Flooring
Tile
Utilities
CableConnected,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected,OverheadUtilities
Fencing
Block,Wood
Accessibility
AccessibleDoors
Pool
No
Pool features
None
Spa
No
Parcel
7141002011
Elementary school
Los Cerritos
Middle school
Hughes
High school
Polytechnic
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$5,875.00
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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3642 Locust Ave, Long Beach, CA 90807 · MLS #SB26101850

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Listing information

MLS #SB26101850 · California Regional MLS

Listing brokerage: First Team Real Estate
Listing agent: Andre Kruse

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.