NOT LISTED FOR SALE

1016 E 21st St Long Beach, CA 90806

Sunrise Neighborhood
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

0

Listing Details

  • CapRate: 6.90
  • Other Phone Description: Call Mike
  • Other Phone Number: 714-815-6453
  • 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

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Gene Tsair

    Legacy Real Estate

    (714) 644-9500

    49 Total Sales

    Gene Tsair
    Section Image
  • Mike Vartanian

    Seller Co-Listing Agent in 2016

    Mike Vartanian

    Legacy Real Estate

    (714) 584-2700

    76 Total Sales

    Mike Vartanian
    Section Image

  • J

    Buyer's Agent in 2016

    Jesse Rubalcava

    J. Rubalcava & Associates

    (562) 278-5380

    6 Total Sales

    Jesse Rubalcava
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16064365

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 Sunrise

1016 E 21st St, Long Beach, CA

This home is located at 1016 E 21st St, Long Beach, CA 90806 since 21 March 2016. This property was built in 1959. 1016 E 21st St is a home located in Los Angeles County with nearby schools including Signal Hill Elementary School, Nelson Academy, and Long Beach Polytechnic High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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