NOT LISTED FOR SALE
7 Beds
5 Baths
6,770 Sq Ft
6,499 Sq Ft Lot

Last Sold July 22, 2021

Last sale price $2,350,000 $347 Per Sq Ft

4 Days on Market

Highlights

  • No HOA
  • 5 Car Direct Access Garage
  • Accessible Parking
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Wrought Iron Fence

About This Home

As of July 2021

Welcome to this gated 9 unit apartment in the popular Eastside and Poly High area of Long Beach. Property has been well maintained and consists of (1) three bedroom, two bath unit, (6) two bedroom, one bath units, (2) one bed, one bath units, and a (5) five car garage units plus 6 reserved parking spaces. All units are laminate flooring throughout, separate gas and electric meters for all units, new tankless water heaters, and community laundry room with 2 washers/2 dryers. Long Beach is in the midst of a full-scale transformation into a premier metropolitan city, attracting an influx of new businesses, high-quality jobs and an educated, professional demographic of residents. Don’t miss out on this great investment to acquire a quality asset in a high demand rental market in one of the best neighborhoods of Long Beach!

Last Agent to Sell the Property

Branden Chhuor

Compass License #01948722 Listed on: 04/26/2021

Compass

Last Buyer's Agent

Andrew McAllister

eXp Realty of Greater L.A License #01946829

eXp Realty of Greater L.A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,499 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wrought Iron Fence
  • Fence is in excellent condition
  • Rectangular Lot

Parking

  • 5 Car Direct Access Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Single Garage Door
  • Assigned Parking

Home Design

  • Property Attached
  • Fire Rated Drywall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 6,770 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Accessible Parking
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Assessor Parcel Number 7262007010

Community Details

Overview

  • No Home Owners Association
  • 9 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $660
  • Insurance Expense $5,820
  • Other Expense $100
  • Pest Control $504
  • Professional Management Expense $6,600
  • Trash Expense $672
  • Water Sewer Expense $8,400
  • New Taxes Expense $29,500
  • Operating Expense $53,956
  • Gross Income $6,000
  • Net Operating Income $113,744

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Professional Management Expense: 6600.00
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Water Sewer Expenses: 8400.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7262007010
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Accessibility Features: Parking
  • Appliances: No
  • Price Per Square Foot: 347.12
  • Room Type: Kitchen

Exterior Features

  • Fence: Yes
  • Fencing: Excellent Condition, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Garage, Garage - Single Door
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Pest Control Expense: 504.00
  • Sewer: Public Sewer
  • Trash Expense: 672.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Trash, Water
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6499.00
  • Lot Size Acres: 0.1492

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 660.00
  • Garage Income: 250.00
  • Gross Income: 6000.00
  • Gross Scheduled Income: 167700.00
  • Insurance Expense: 5820.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 250.00
  • Lot Size Area: 6499.0000 Square Feet
  • Net Operating Income: 113744.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 53956.00
  • Other Expense: 100.00
  • Rent Control: No
  • Total Expenses: 53956.00

Tax Info

  • New Taxes Expense: 29500.00
  • Tax Census Tract: 5769.01
  • Tax Lot: 8
  • Tax Tract Number: .

Range of Values:

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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 Change Sq Ft Price
07/22/2021 07/22/21 Sold $2,350,000 0.0% $347 / Sq Ft
06/02/2021 06/02/21 Off Market $2,350,000 -- --
04/30/2021 04/30/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $2,359,999 -- $349 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21086655

California Regional Multiple Listing Service (CRMLS)