NOT LISTED FOR SALE

1090 Walnut Ave Long Beach, CA 90813

Hellman Neighborhood
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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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Sold Price
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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

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 $24,146 $1,838,430 $1,183,794 $654,636
2024 $24,146 $1,802,383 $1,160,583 $641,800
2023 $23,731 $1,767,043 $1,137,827 $629,216
2022 $22,288 $1,732,396 $1,115,517 $616,879
2021 $21,814 $1,698,429 $1,093,645 $604,784
2019 $21,502 $1,648,295 $1,061,208 $587,087
2018 $20,933 $1,615,981 $1,040,400 $575,581
2016 $11,932 $920,605 $644,944 $275,661
2015 $11,472 $906,778 $635,257 $271,521
2014 $11,430 $889,017 $622,814 $266,203
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Cris Molles

    The Realestate Group

    (310) 540-0072

    4 Total Sales

    Cris Molles
    Section Image

  • N

    Buyer's Agent in 2016

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    6,215 Total Sales

    NoEmail NoEmail
    Section Image

  • G

    Seller's Agent in 2012

    Guido Haug

    INCO Company

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16030410

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Hellman

1090 Walnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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