NOT LISTED FOR SALE
5 Beds
3 Baths
4,758 Sq Ft
8,250 Sq Ft Lot

Sale Details

Date Sold: August 29, 2014

Last sale price $785,000 $165 Per Sq Ft

354 Days on Market

Highlights

  • 0.19 Acre Lot
  • Private Yard
  • 5-minute walk to Drake Park

About This Home

As of August 2014

Great Opportunity! 6 Units near downtown Long Beach! Front building is 4 units all 2 bedrooms 1 bath, back building is 2 units with 1 bedroom 1 bath each, with a 4 car garage and uncover parking spaces for the other 2 units, property is in decent condition, all units are occupied, 3 out of the 4 units of 2 bed rooms 1 bath, they all rent for $1,200 each the other 2 bedroom 1 bath rents for $1,150.00, and the 2 units 1 bedroom 1 bath both rent for $900 per month.

Last Agent to Sell the Property

Martin Gonzalez

Realty Executives All Cities License #01204139 Listed on: 02/17/2014

Realty Executives All Cities

Co-Listed By

Maribel Gallardo

MC Realty Group, Inc. License #01815859

Last Buyer's Agent

Heddly Henriquez

Coldwell Banker Envision License #01784586

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 8,250 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • 4,758 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Tax Lot 5
  • Tax Tract Number 5758
  • Assessor Parcel Number 7272007023

Community Details

Overview

  • 4 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $650
  • Insurance Expense $1,200
  • Water Sewer Expense $3,240
  • Gross Income $6,550
  • Net Operating Income $78,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

8,250 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 3240.00
  • Property Type: Residential Income
  • Gardener Expense: 650.00
  • Parcel Number: 7272007023
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 164.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 8250.00
  • Lot Size Acres: 0.1890

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs

Multi Family

  • Gross Income: 6550.00
  • Gross Scheduled Income: 78600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8250.0000 Square Feet
  • Net Operating Income: 78600.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 5290.00
  • Rent Control: No
  • Total Actual Rent: 6550.00

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 5758
  • Tax Year: 2012
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/29/2014 08/29/14 Sold $785,000 -12.3% $165 / Sq Ft
06/13/2014 06/13/14 Pending -- -- --
06/24/2013 06/24/13 For Sale $895,000 -- $188 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,506 $943,441 $661,012 $282,429
2024 $12,864 $924,943 $648,051 $276,892
2023 $12,638 $906,808 $635,345 $271,463
2022 $11,884 $889,029 $622,888 $266,141
2021 $11,620 $871,598 $610,675 $260,923
2019 $11,454 $845,748 $592,563 $253,185
2018 $11,103 $829,166 $580,945 $248,221
2016 $10,212 $796,970 $558,387 $238,583
2015 $9,815 $785,000 $550,000 $235,000
2014 $7,693 $587,025 $340,163 $246,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13121604

California Regional Multiple Listing Service (CRMLS)
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