NOT LISTED FOR SALE
10 Beds
7 Baths
8,396 Sq Ft
8,460 Sq Ft Lot

Last Sold June 18, 2014

Last sale price $1,326,000 $158 Per Sq Ft

13 Days on Market

About This Home

As of June 2014

Offered for sale for the first time in 40 years is 7 apartment units located in the prime rental market of Bixby Knolls in the city of Long Beach. The property totals 8,396 square feet and is situated on 8,460 square feet of land. The extra large units are comprised of (4) 1-bedroom / 1-bathroom units, and (3) 2-bedroom / 1-bathroom units.The building is constructed of wood frame and stucco exterior with pitched composition shingle roofs. Resident parking at the rear of the building includes (6) garage spaces. There is an onsite laundry facility, and each unit is separately metered for gas and electricity. Current rents are significantly below market. LPlease note, the majority of the tenants are on 1 year leases. This non rent controlled asset is located near Virginia Golf course and within walking distance to trendy shops and eateries along Atlantic Blvd. Near the 405 & 710 Freeway

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 06/03/2014

Remax Commercial and Investment Realty

Last Buyer's Agent

Stephen Heri

License #0477500

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 8,460 Sq Ft Lot

Parking

  • 6 Car Garage

Interior Spaces

  • 8,396 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 7138-014-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8396
  • Stories: 2
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 145.90

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 167220
  • Assessed Land Value: 51744
  • Assessor Parcel Number: 7138-014-005
  • Geocode Override: No
  • Lot Size Area: 8460

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.80
  • Number Of Units: 7
  • Type Of Units: Multi-Family

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
06/18/2014 06/18/14 Sold $1,326,000 +8.2% $158 / Sq Ft
06/16/2014 06/16/14 Pending -- -- --
06/03/2014 06/03/14 For Sale $1,225,000 -- $146 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-766689

The MLS