NOT LISTED FOR SALE
11 Beds
6 Baths
3,834 Sq Ft
6,789 Sq Ft Lot

Last Sold June 15, 2016

Last sale price $715,000 $186 Per Sq Ft

23 Days on Market

About This Home

As of June 2016

Located north of Pacific Coast Highway, this single story 6 unit building has great cash flow potential. This property boasts: 5 Two bedroom / one bath units and 1 one bedroom / one bath unit with upside in the rent. Located near several schools including Long Beach Polytechnic High School. Potential income from laundry. Priced competitive to the market, this property can be a terrific long term investment.
Come on out and take a look today!

Last Agent to Sell the Property

Gene Tsair

Legacy Real Estate License #01843673 Listed on: 03/21/2016

Co-Listed By

Mike Vartanian

Legacy Real Estate License #00920875

Last Buyer's Agent

Jesse Rubalcava

J. Rubalcava & Associates License #01215036

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,789 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 12 Parking Spaces

Home Design

  • 3,834 Sq Ft Home

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 5733
  • Assessor Parcel Number 7210021003

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Insurance Expense $3,000
  • Professional Management Expense $3,528
  • Trash Expense $1,500
  • Water Sewer Expense $5,040
  • New Taxes Expense $2,834
  • Gross Income $5,813
  • Net Operating Income $50,044

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

6,789 Sq Ft Lot

Listing Details

  • CapRate: 6.90
  • Professional Management Expense: 3528.00
  • Property Attached: No
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 5040.00
  • Property Type: Residential Income
  • Parcel Number: 7210021003
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 186.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6789.00
  • Price Per Lot Square Foot: 105.32

Multi Family

  • Electric Expense: 800.00
  • Gross Income: 5813.00
  • Gross Multiplier: 9.42
  • Gross Scheduled Income: 76956.00
  • Insurance Expense: 3000.00
  • Net Operating Income: 50044.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 27912.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2834.00
  • Tax Lot: 3
  • Tax Tract Number: 5733
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2016 06/15/16 Sold $715,000 -1.4% $186 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
03/21/2016 03/21/16 For Sale $725,000 -- $189 / 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 $11,519 $846,409 $295,947 $550,462
2024 $11,519 $829,814 $290,145 $539,669
2023 $11,318 $813,544 $284,456 $529,088
2022 $10,643 $797,593 $278,879 $518,714
2021 $10,410 $781,955 $273,411 $508,544
2019 $10,262 $758,763 $265,302 $493,461
2018 $9,903 $743,886 $260,100 $483,786
2017 $9,798 $729,300 $255,000 $474,300
2016 $6,473 $487,015 $216,451 $270,564
2015 $6,228 $479,700 $213,200 $266,500
2014 $6,214 $470,304 $209,024 $261,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16064365

California Regional Multiple Listing Service (CRMLS)
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