NOT LISTED FOR SALE
6 Beds
3 Baths
7,169 Sq Ft
5,931 Sq Ft Lot

Last Sold April 20, 2016

Last sale price $1,553,000 $217 Per Sq Ft

4 Days on Market

Highlights

  • Property is near public transit
  • Wooded Lot
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Corner Lot
  • Laundry Room

About This Home

As of April 2016

Well Managed 9-Unit Building Consisting of 1-3 Bdrm., 7-2 bedrms., and 1-1 Bdrm. NO RENT CONTROL! Excellent Rental Area Close to Schools, Shopping and Transportation. On-Site Laundry Room Adds to Income. Four Attached Garages.

Last Agent to Sell the Property

Cris Molles

The Realestate Group License #01345419 Listed on: 02/13/2016

The Realestate Group

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,931 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Wooded Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 7,169 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 7267
  • Tax Tract Number 19
  • Assessor Parcel Number 7267011019

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,700
  • Gardener Expense $720
  • Insurance Expense $2,900
  • Maintenance Expense $2,400
  • Pest Control $648
  • Professional Management Expense $4,820
  • Trash Expense $3,500
  • Water Sewer Expense $3,600
  • New Taxes Expense $18,780
  • Gross Income $10,045
  • Net Operating Income $78,825

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 4820.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7267011019
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 216.63

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Frame

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Pest Control Expense: 648.00
  • Trash Expense: 3500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre, Level, Landscaped, Rectangular Lot, Level with Street, Corner Lot, Near Public Transit, Treed Lot
  • Lot Size Sq Ft: 5931.00
  • Price Per Lot Square Foot: 261.84
  • Lot Size Acres: 0.1360

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1700.00
  • Gross Income: 10045.00
  • Gross Scheduled Income: 120540.00
  • Insurance Expense: 2900.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5931.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Maintenance Percent: 2.00
  • Net Operating Income: 78825.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 39303.00
  • Rent Control: No
  • Total Actual Rent: 9975.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 18780.00
  • Tax Lot: 7267
  • Tax Tract Number: 019

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 List to Sale Price per Sq Ft Prior Sale
04/20/2016 04/20/16 Sold $1,553,000 -0.8% $217 / Sq Ft
02/17/2016 02/17/16 Pending -- -- --
02/13/2016 02/13/16 For Sale $1,565,000 +73.9% $218 / Sq Ft
03/31/2012 03/31/12 Sold $900,000 -5.3% $126 / Sq Ft View Prior Sale
02/03/2012 02/03/12 Pending -- -- --
01/01/2012 01/01/12 For Sale $950,000 -- $133 / 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: SB16030410

California Regional Multiple Listing Service (CRMLS)