Seller's Agent in 2020
Mike Marcu
Mike Marcu, Broker
(562) 260-0940
16 Total Sales
1075 Junipero Ave Long Beach, CA 90804
Hellman Neighborhood
2
Beds
2
Baths
13,376
Sq Ft
0.27
Acres
Highlights
- 0.27 Acre Lot
- No HOA
- Laundry Room
- Woodrow Wilson High School Rated A
About This Home
As of November 2020Located on the emerging Eastside of Long Beach, this offering features all two bedroom two bath apartment units and 24 garage spaces. Each unit is individually metered for gas and electricity, as well as having individual water heaters. Situated on two separate parcels, each with 8 units and 12 garage spaces, this property offers an investor the chance to receive an attractive cash on cash return with rental upside.
Last Agent to Sell the Property
Mike Marcu, Broker License #00919594 Listed on: 01/06/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 0.27 Acre Lot
- 1 Common Wall
- Density is 36-40 Units/Acre
- 7262005013
Parking
- 24 Car Garage
- Parking Available
- Assigned Parking
Home Design
- 13,376 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 7262
- Tax Tract Number 5
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 16 Units
Amenities
- Laundry Facilities
Building Details
- 16 Leased Units
- Rent Control
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $2,276
- Fuel Expense $193
- Gardener Expense $720
- Insurance Expense $3,400
- Maintenance Expense $9,225
- Other Expense $8,796
- Professional Management Expense $8,100
- Trash Expense $5,000
- Water Sewer Expense $4,759
- New Taxes Expense $64,630
- Operating Expense $102,897
- Gross Income $367,260
- Net Operating Income $253,897
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/18/2020 11/18/20 | Sold | $4,900,000 | -6.7% | $366 / Sq Ft | |
| 10/22/2020 10/22/20 | Pending | -- | -- | -- | |
| 01/06/2020 01/06/20 | For Sale | $5,250,000 | +337.5% | $392 / Sq Ft | |
| 12/31/2013 12/31/13 | Sold | $1,200,000 | +0.4% | $179 / Sq Ft | View Prior Sale |
| 10/25/2013 10/25/13 | Pending | -- | -- | -- | |
| 09/25/2013 09/25/13 | For Sale | $1,195,000 | -- | $179 / 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 | $31,389 | $2,442,900 | $1,530,000 | $912,900 |
| 2024 | $31,389 | $2,395,000 | $1,500,000 | $895,000 |
| 2023 | $33,360 | $2,548,980 | $1,560,600 | $988,380 |
| 2022 | $31,306 | $2,499,000 | $1,530,000 | $969,000 |
| 2021 | $30,678 | $2,450,000 | $1,500,000 | $950,000 |
| 2020 | $22,605 | $1,763,092 | $1,082,432 | $680,660 |
| 2019 | $22,341 | $1,728,603 | $1,061,208 | $667,395 |
| 2018 | $21,751 | $1,694,790 | $1,040,400 | $654,390 |
| 2017 | $21,523 | $1,657,500 | $1,020,000 | $637,500 |
| 2016 | $15,578 | $1,242,641 | $517,767 | $724,874 |
| 2015 | $14,964 | $1,223,976 | $509,990 | $713,986 |
| 2014 | $14,885 | $1,200,000 | $500,000 | $700,000 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Marcu
-
Drew Baker
D
Seller's Agent in 2013
Drew Baker
Remco - A. R. E. & Mgmt. Co.
(714) 995-5222
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20003984
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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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