NOT LISTED FOR SALE
7 Beds
6 Baths
5,252 Sq Ft
7,463 Sq Ft Lot

Last Sold February 11, 2022

Last sale price $1,050,000 $200 Per Sq Ft

1 Day on Market

Highlights

  • Golf Course Community
  • Property is near park
  • Landscaped
  • 0.17 Acre Lot

About This Home

As of February 2022

Great investment opportunity in Downtown Long Beach. Front building consists of a 3 bed & 2 bath unit with the rear building consisting of four 1 bed & 1 bath unit with a small laundry/den. Large Lot, with great common area. Gated for safety and security. All units will be delivered tenant occupied. Please review current total rents associated with this listing. Tenants are long term, ranging from 8 years to 30 years and rental income shows that. Location is great with all new development happening in Downtown Long Beach.

Last Agent to Sell the Property

Danny Stojakovic

Coldwell Banker Envision License #01948130 Listed on: 11/11/2021

Coldwell Banker Envision

Last Buyer's Agent

Cody Charnell

Sage Real Estate Group, Inc. License #01950585

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,463 Sq Ft Lot
  • No Common Walls
  • Landscaped

Interior Spaces

  • 5,252 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Location

  • Property is near park

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 575
  • Assessor Parcel Number 7272005016
  • $11,390 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Downtown Subdivision

Recreation

  • Golf Course Community

Building Details

  • 5 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,926
  • Trash Expense $1,589
  • Water Sewer Expense $5,807
  • Operating Expense $18,633
  • Net Operating Income $70,347

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 5807.00
  • Zoning: LBCO
  • Property Type: Residential Income
  • Parcel Number: 7272005016
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 199.92

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1589.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Golf, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Park Nearby
  • Lot Size Sq Ft: 7463.00
  • Lot Size Acres: 0.1713

Multi Family

  • Gross Scheduled Income: 80640.00
  • Insurance Expense: 1926.00
  • Lot Size Area: 7463.0000 Square Feet
  • Net Operating Income: 70346.89
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 5
  • Operating Expense: 10293.10
  • Rent Control: No
  • Total Expenses: 18632.87

Tax Info

  • Tax Census Tract: 5758.03
  • Tax Lot: 8
  • Tax Tract Number: 575...
  • TaxOtherAnnualAssessmentAmount: 11390.00
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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
02/11/2022 02/11/22 Sold $1,050,000 -16.0% $200 / Sq Ft
01/19/2022 01/19/22 Price Changed $1,250,000 0.0% $238 / Sq Ft
01/19/2022 01/19/22 For Sale $1,250,000 0.0% $238 / Sq Ft
11/11/2021 11/11/21 For Sale $1,250,000 -- $238 / 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 $14,843 $1,114,268 $583,664 $530,604
2024 $14,843 $1,092,420 $572,220 $520,200
2023 $14,588 $1,071,000 $561,000 $510,000
2022 $16,385 $1,275,000 $826,200 $448,800
2021 $7,923 $568,588 $394,533 $174,055
2020 $7,901 $563,359 $390,488 $172,871
2019 $7,811 $552,326 $382,832 $169,494
2018 $7,547 $541,509 $375,326 $166,183
2016 $6,928 $519,906 $360,752 $159,154
2015 $6,666 $512,098 $355,334 $156,764
2014 $6,642 $502,068 $348,374 $153,694
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21247374

California Regional Multiple Listing Service (CRMLS)