NOT LISTED FOR SALE
1 Bed
2 Baths
5,476 Sq Ft
7,496 Sq Ft Lot

Last Sold October 30, 2014

Last sale price $1,285,000 $235 Per Sq Ft

103 Days on Market

Highlights

  • 0.17 Acre Lot
  • Laundry Room
  • 4-minute walk to Drake Park

About This Home

As of October 2014

EXCELLENT Renovated Studio Apartment for rent in Historical Whilmore district of long beach. Great location, charming building, close to down town, the beach, and much more. Building is well kept, gated, quiet, secure, and has onsite laundry. Property is available immediately. Please text four 2 four, three 9 eight, nine 6 nine 4 for showings. 650 CREDIT SCORE REQUIRED. Do NOT contact if you do not have a 650 Min Score or student with CO-SIGNER 650 MIN.

Last Agent to Sell the Property

Brian Shanedling

Long Beach Property Management License #01812731 Listed on: 05/28/2014

Last Buyer's Agent

Anthony Kostelak

Merit Real Estate, Inc. License #01898487

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,496 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 5,476 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 9H
  • Tax Tract Number 5758
  • Assessor Parcel Number 7271021024

Community Details

Overview

  • 3 Buildings
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 15 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $629
  • Gardener Expense $900
  • Insurance Expense $2,617
  • Maintenance Expense $3,000
  • Pest Control $504
  • Professional Management Expense $6,000
  • Trash Expense $1,538
  • Water Sewer Expense $1,502
  • New Taxes Expense $14,189
  • Gross Income $11,005
  • Net Operating Income $94,448

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • CapRate: 7.32
  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1502.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7271021024
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 234.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 504.00
  • Trash Expense: 1538.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7496.00
  • Lot Size Acres: 0.1720

Multi Family

  • Average1 Bed Area: 450
  • Average Studio Area: 380
  • Electric Expense: 629.00
  • Gross Income: 11005.00
  • Gross Multiplier: 9.76
  • Gross Scheduled Income: 132060.00
  • Insurance Expense: 2617.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7496.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 94448.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 33650.00
  • Operating Expense Percent: 26.00
  • Other Income Description: Storage
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14189.00
  • Tax Lot: 9H
  • Tax Tract Number: 5758
  • Tax Year: 2013
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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
10/07/2025 10/07/25 Off Market $1,250 -- --
09/23/2025 09/23/25 Price Changed $1,250 -3.5% --
09/19/2025 09/19/25 Price Changed $1,295 -4.1% --
09/13/2025 09/13/25 Price Changed $1,350 -3.2% --
09/08/2025 09/08/25 Price Changed $1,395 +7.7% --
09/02/2025 09/02/25 For Rent $1,295 0.0% --
07/07/2025 07/07/25 Off Market $1,295 -- --
04/29/2025 04/29/25 Price Changed $1,295 -7.2% --
04/18/2025 04/18/25 Price Changed $1,395 +7.7% --
04/02/2025 04/02/25 Price Changed $1,295 -13.4% --
03/19/2025 03/19/25 Price Changed $1,495 +15.4% --
02/03/2025 02/03/25 Price Changed $1,295 -7.2% --
01/16/2025 01/16/25 Price Changed $1,395 +16.7% --
01/08/2025 01/08/25 For Rent $1,195 0.0% --
11/04/2024 11/04/24 Off Market $1,195 -- --
09/07/2024 09/07/24 Price Changed $1,195 -25.1% --
08/11/2024 08/11/24 Price Changed $1,595 +33.5% --
07/23/2024 07/23/24 For Rent $1,195 0.0% --
05/07/2024 05/07/24 Price Changed $1,195 -14.3% --
05/06/2024 05/06/24 Price Changed $1,395 +16.7% --
03/14/2024 03/14/24 Price Changed $1,195 -7.7% --
03/07/2024 03/07/24 For Rent $1,295 0.0% --
08/08/2023 08/08/23 Price Changed $1,295 +8.4% --
07/10/2023 07/10/23 Price Changed $1,195 -13.1% --
06/29/2023 06/29/23 Price Changed $1,375 +10.0% --
06/28/2023 06/28/23 For Rent $1,250 0.0% --
10/30/2014 10/30/14 Sold $1,285,000 -4.7% $235 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
05/28/2014 05/28/14 For Sale $1,349,000 -- $246 / 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 $21,234 $1,544,368 $1,081,661 $462,707
2024 $21,234 $1,514,087 $1,060,452 $453,635
2023 $20,845 $1,484,400 $1,039,659 $444,741
2022 $19,593 $1,455,295 $1,019,274 $436,021
2021 $19,159 $1,426,761 $999,289 $427,472
2019 $18,883 $1,385,424 $969,650 $415,774
2018 $18,367 $1,358,279 $950,638 $407,641
2016 $16,925 $1,304,596 $913,725 $390,871
2015 $16,270 $1,285,000 $900,000 $385,000
2014 $12,116 $900,000 $423,500 $476,500
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14109976

California Regional Multiple Listing Service (CRMLS)