Seller's Agent in 2020
Shane Young
Younglewin Advisors, Inc.
(562) 556-1118
1 in this area
31 Total Sales
1000 E 1st St Long Beach, CA 90802
Alamitos Beach Neighborhood
11
Beds
8
Baths
7,056
Sq Ft
5,003
Sq Ft Lot
Highlights
- 0.11 Acre Lot
- Laundry Room
- Level Lot
- Long Beach Polytechnic High School Rated A
About This Home
As of December 2020We are pleased to present 1000 East 1st Street, a 8 unit investment property in Long Beach, California. The property is located between Bonito and Cerritos Avenues. The property is in an ideal Long Beach location, a block away from the beach and a few blocks away from Shoreline Village. 1000 East 1st Street consists of five 1 Bedroom 1 Bathroom units and three 2 Bedroom 1 Bathroom Units. All of the units are separately metered for gas and electricity. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market with the potential to capture upside in rents. 20% Affordability Gap ---- Potential 17% Increase in NOI ---- Walkers Paradise 91 Walk Score ---- One Block away from the beach --- Blocks from Shopping and dining at Shoreline Village and Pike Outlets ---- Close to the Queen Mary and the Promenade. Contact agent for marketing package.
Last Agent to Sell the Property
Younglewin Advisors, Inc. License #01963090 Listed on: 07/13/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1919
Lot Details
- 5,003 Sq Ft Lot
- 1 Common Wall
- Level Lot
Home Design
- Apartment
Interior Spaces
- 7,056 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 8 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 1 / 57
- Tax Tract Number 5766
- Assessor Parcel Number 7265003001
Community Details
Overview
- 2 Buildings
- 8 Units
- Alamitos Beach Subdivision
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $900
- Fuel Expense $900
- Gardener Expense $600
- Insurance Expense $2,822
- Maintenance Expense $4,400
- Pest Control $283
- Professional Management Expense $9,146
- Trash Expense $900
- Water Sewer Expense $900
- New Taxes Expense $35,294
- Operating Expense $60,145
- Gross Income $177,429
- Net Operating Income $117,283
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2020 12/16/20 | Sold | $2,650,000 | -5.4% | $376 / Sq Ft |
| 08/10/2020 08/10/20 | Price Changed | $2,800,000 | -3.4% | $397 / Sq Ft |
| 07/13/2020 07/13/20 | For Sale | $2,900,000 | -- | $411 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $36,517 | $2,868,444 | $1,082,432 | $1,786,012 |
| 2024 | $36,517 | $2,812,201 | $1,061,208 | $1,750,993 |
| 2023 | $35,902 | $2,757,060 | $1,040,400 | $1,716,660 |
| 2022 | $33,687 | $2,703,000 | $1,020,000 | $1,683,000 |
| 2021 | $33,012 | $2,650,000 | $1,000,000 | $1,650,000 |
| 2020 | $26,282 | $2,070,235 | $1,273,449 | $796,786 |
| 2019 | $25,974 | $2,029,660 | $1,248,480 | $781,180 |
| 2018 | $25,327 | $1,989,880 | $1,224,000 | $765,880 |
| 2016 | $20,532 | $1,669,360 | $735,650 | $933,710 |
| 2015 | $19,664 | $1,644,285 | $724,600 | $919,685 |
| 2014 | $19,541 | $1,612,077 | $710,407 | $901,670 |
Source: Public Records
Agents Affiliated with this Home
-
Shane Young
-
Cameron Jacques
Buyer's Agent in 2020
Cameron Jacques
Kinnery's Brokerage House
(562) 800-0838
2 in this area
58 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20137903
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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 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.
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. Properties may or may not be listed by the office/agent presenting the information
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