Seller's Agent in 2019
Dave Steinberg
Compass
(562) 972-3283
62 Total Sales
1021 Prospect Ave Long Beach, CA 90804
Recreation Park Neighborhood
7
Beds
6
Baths
4,032
Sq Ft
3,752
Sq Ft Lot
Highlights
- Property is near park
- No HOA
- Laundry Room
- Woodrow Wilson High School Rated A
- Cooling System Mounted To A Wall/Window
- 2 Car Garage
About This Home
As of September 2019RARE Opportunity and first time on the market in a very long time. Highly desirable location with very stable occupants make this the perfect addition to your portfolio. Ground floor 2 bedroom 1 bath, Ground floor 1 bedroom 1 bath, and 4 additional 1 bedroom 1 bath units. All units have A/C heat and Gas appliances. Well maintained building. Many features such as auto shut off on gas meters, 2 enclosed garages, and even a laundry room for additional income. Rent potential well over 100K yearly. The grounds are clean and offer a nice blend of privacy as well some common spaces for relaxing. The neighborhood is a wonderful mix of single family residences as well multi units. Perfect for owner occupancy or investor. Great long term tenants, building always stays rented as this is one of the most desirable Long Beach locations, Convenient to top-rated school systems, Recreation Park, Billy Jean king Tennis courts, Blair field, farmers markets, also just minutes from Belmont Shore and the ocean, this location can not be beat.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 3,752 Sq Ft Lot
- Two or More Common Walls
Parking
- 2 Car Garage
- Parking Available
Home Design
- 4,032 Sq Ft Home
- Property Attached
- Rolled or Hot Mop Roof
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Leased Washer and Dryer
Location
- Property is near park
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 12
- Tax Tract Number 7241
- Assessor Parcel Number 7241012097
Community Details
Overview
- No Home Owners Association
- 6 Units
Amenities
- Laundry Facilities
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,402
- Pest Control $350
- Water Sewer Expense $1,680
- New Taxes Expense $18,000
- Operating Expense $22,082
- Gross Income $92,918
- Net Operating Income $92,918
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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 |
|---|---|---|---|---|
| 09/17/2019 09/17/19 | Sold | $1,557,500 | -1.1% | $386 / Sq Ft |
| 07/18/2019 07/18/19 | For Sale | $1,575,000 | -- | $391 / 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 | $21,840 | $1,703,350 | $1,093,645 | $609,705 |
| 2024 | $21,840 | $1,669,951 | $1,072,201 | $597,750 |
| 2023 | $21,468 | $1,637,208 | $1,051,178 | $586,030 |
| 2022 | $20,146 | $1,605,107 | $1,030,567 | $574,540 |
| 2021 | $19,740 | $1,573,635 | $1,010,360 | $563,275 |
| 2020 | $5,640 | $387,178 | $83,385 | $303,793 |
| 2019 | $5,575 | $379,587 | $81,750 | $297,837 |
| 2018 | $5,402 | $372,146 | $80,148 | $291,998 |
| 2016 | $4,963 | $357,697 | $77,037 | $280,660 |
| 2015 | $4,780 | $352,325 | $75,880 | $276,445 |
| 2014 | $4,777 | $345,424 | $74,394 | $271,030 |
Source: Public Records
Agents Affiliated with this Home
-
Dave Steinberg
-
Cindy Ludwig
C
Buyer's Agent in 2019
Cindy Ludwig
First Team Real Estate
(310) 849-8515
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19168168
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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