NOT LISTED FOR SALE

1027 E 2nd St Long Beach, CA 90802

Alamitos Beach Neighborhood
6 Beds
5 Baths
4,288 Sq Ft
3,782 Sq Ft Lot

Last Sold August 21, 2014

Last sale price $795,000 $185 Per Sq Ft

12 Days on Market

Highlights

  • 0.09 Acre Lot
  • Wood Flooring
  • No HOA
  • Long Beach Polytechnic High School Rated A

About This Home

As of August 2014

Alamitos Beach, Excellent low vacancy rental area. Consisting of four - LARGE 1 bedroom apts. in the front building; and one (two story) 2 Br. separate apt. in the rear of the lot. All apts. have beautiful hardwood floors! Lots of character with built-ins and formal dining rooms. Kitchens have been remodeled. Present rents are below market (but the tenants are all great!). Only 12 X's pro-forma rents! Desirable rental area walk to the beach. The drive-way between this bldg. and the one on the right is a "shared" common driveway.

Last Agent to Sell the Property

Mark Kachigan

Pabst, Kinney & Associates License #00644779 Listed on: 03/28/2014

Last Buyer's Agent

Mark Kachigan

Pabst, Kinney & Associates License #00644779 Listed on: 03/28/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 3,782 Sq Ft Lot
  • Lot Dimensions are 50.5 x 75
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 4,288 Sq Ft Home
  • Property Attached
  • Flat Roof Shape
  • Composition Roof

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Gas Water Heater
  • Sewer Paid

Additional Features

  • Gas Cooktop
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 4 / 96
  • Tax Tract Number 7265
  • Assessor Parcel Number 7265002027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 2 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $490
  • Insurance Expense $2,423
  • Maintenance Expense $4,000
  • Professional Management Expense $3,252
  • Supplies Expense $430
  • Water Sewer Expense $738
  • New Taxes Expense $9,140
  • Gross Income $4,810
  • Net Operating Income $34,851

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.40
  • Professional Management Expense: 3252.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Supplies Expense: 430.00
  • Water Sewer Expenses: 738.00
  • Property Type: Residential Income
  • Gardener Expense: 490.00
  • Parcel Number: 7265002027
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 185.40

Exterior Features

  • Pool Private: No
  • Roof: Composition, Flat
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Appliances: Gas Cooktop, Gas Water Heater, Refrigerator
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 50.5 X 75
  • Lot Size Sq Ft: 3782.00
  • Lot Size Acres: 0.0870

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 875
  • Average2 Bed Area: 800
  • Gross Income: 4810.00
  • Gross Multiplier: 13.77
  • Gross Scheduled Income: 57720.00
  • Insurance Expense: 2423.00
  • Lot Size Area: 3782.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 34851.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 21139.00
  • Operating Expense Percent: 36.00
  • Other Income Description: Storage
  • Rent Control: No
  • Total Actual Rent: 4810.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9140.00
  • Tax Block: 96
  • Tax Lot: 4
  • Tax Tract Number: 7265
  • Tax Year: 2013

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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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
08/21/2014 08/21/14 Sold $795,000 0.0% $185 / Sq Ft
04/09/2014 04/09/14 Pending -- -- --
03/28/2014 03/28/14 For Sale $795,000 -- $185 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Kachigan

    Seller's Agent in 2014

    Mark Kachigan

    Pabst, Kinney & Associates

    (562) 225-4848

    1 in this area

    36 Total Sales

    Mark Kachigan
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14062992

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 Alamitos Beach

1027 E 2nd St, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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