NOT LISTED FOR SALE

1042 E Broadway Long Beach, CA 90802

Alamitos Beach Neighborhood
3 Beds
2 Baths
3,576 Sq Ft
3,691 Sq Ft Lot

Last Sold December 21, 2015

Last sale price $1,061,000 $297 Per Sq Ft

58 Days on Market

About This Home

As of December 2015

is pleased to present 1042-1048 Broadway, a charming 5-unit apartment building. This pride of ownership property was first developed in 1921 and has undergone extensive building improvements over the last few years. It consists of four two-bedroom units and one 1-bedroom unit. Each unit features hardwood floors, upgraded plumbing and electric systems, and new kitchen and bathroom vanities. In addition, the property is separately metered, offers two single car garages, and has a laundry facility on-site.

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 10/12/2015

Last Buyer's Agent

Jim Lenahan

Berkshire Hathaway H.S.C.P. License #01954793

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 3,691 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,576 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Private Water Source

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 576601
  • Assessor Parcel Number 7265002030

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,135
  • Professional Management Expense $2,976
  • Water Sewer Expense $3,150
  • New Taxes Expense $12,766
  • Gross Income $6,200
  • Net Operating Income $47,777

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Ad Number: 310-363-4787
  • Other Phone Description: 310-363-4787
  • Other Phone Number: 310-363-4787
  • Professional Management Expense: 2976.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 3150.00
  • Property Type: Residential Income
  • Parcel Number: 7265002030
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 296.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3691.00
  • Price Per Lot Square Foot: 287.46
  • Lot Size Acres: 0.0850

Multi Family

  • Gross Income: 6200.00
  • Gross Scheduled Income: 74400.00
  • Insurance Expense: 2135.00
  • Lot Size Area: 3691.0000 Square Feet
  • Net Operating Income: 47777.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 24427.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 12766.00
  • Tax Lot: 6
  • Tax Tract Number: 576601

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
12/21/2015 12/21/15 Sold $1,061,000 +0.1% $297 / Sq Ft
12/09/2015 12/09/15 Pending -- -- --
10/12/2015 10/12/15 For Sale $1,060,000 -- $296 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jack Levis

    CBRE Inc.

    Section Image

  • J

    Buyer's Agent in 2015

    Jim Lenahan

    Berkshire Hathaway H.S.C.P.

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15223291

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90802 Alamitos Beach

1042 E Broadway, Long Beach, CA

This home is located at 1042 E Broadway, Long Beach, CA 90802 since 12 October 2015. This property was built in 1921. 1042 E Broadway is a home located in Los Angeles County with nearby schools including Stevenson Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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