NOT LISTED FOR SALE

1078 E 7th St Long Beach, CA 90813

North Alamitos Beach Neighborhood
2 Beds
1 Bath
5,464 Sq Ft
6,963 Sq Ft Lot

Last Sold February 26, 2016

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

48 Days on Market

About This Home

As of February 2016

The 7th Street Apartments offer an investor the opportunity to acquire a property with 100% 2-bedroom units; not an easy find in Long Beach. The building design and layout provide for a low maintenance exterior. Newer windows, a laundry facility, and on-site parking are among the amenities. The property is walking distance to schools, churches, and public transportation. The current rents have room to be raised.

Last Agent to Sell the Property

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 12/10/2015

Last Buyer's Agent

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 12/10/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,963 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 10 Parking Spaces

Home Design

  • 5,464 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 7266006017

Community Details

Overview

  • 8 Units
  • Blackburn

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,748
  • Maintenance Expense $5,127
  • Other Expense $500
  • Trash Expense $3,120
  • Water Sewer Expense $3,121
  • New Taxes Expense $16,160
  • Gross Income $8,995
  • Net Operating Income $71,867

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 5.40
  • Property Attached: Yes
  • Water Sewer Expenses: 3121.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7266006017
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 235.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 3120.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6963.00
  • Price Per Lot Square Foot: 184.55
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Income: 8995.00
  • Gross Multiplier: 12.23
  • Gross Scheduled Income: 107940.00
  • Insurance Expense: 1748.00
  • Lot Size Area: 6963.0000 Square Feet
  • Maintenance Expense: 5127.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 71867.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 30676.00
  • Operating Expense Percent: 28.40
  • Other Expense: 500.00
  • Other Expense Description: Admin
  • Other Income Description: Parking
  • Rent Control: No
  • Total Actual Rent: 8870.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 16160.00
  • Tax Lot: 1

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Prior Sale
02/26/2016 02/26/16 Sold $1,285,000 -2.7% $235 / Sq Ft
01/27/2016 01/27/16 Pending -- -- --
12/10/2015 12/10/15 For Sale $1,320,000 +38.9% $242 / Sq Ft
09/16/2013 09/16/13 Sold $950,000 -4.5% $174 / Sq Ft View Prior Sale
08/19/2013 08/19/13 Pending -- -- --
04/23/2013 04/23/13 For Sale $995,000 -- $182 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Damien Breaux

    Seller's Agent in 2016

    Damien Breaux

    Morgan Skenderian

    (949) 584-0503

    2 in this area

    41 Total Sales

    Damien Breaux
    Section Image

  • A

    Seller's Agent in 2013

    Adam Feldman

    Adam Feldman, Broker

    (562) 494-4600

    Adam Feldman
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15260898

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 North Alamitos Beach

1078 E 7th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes