NOT LISTED FOR SALE
2 Beds
3 Baths
4,941 Sq Ft
4,941 Sq Ft Lot

Last Sold September 30, 2021

Last sale price $1,592,000 $322 Per Sq Ft

Highlights

  • Corner Lot
  • Wall Furnace
  • 4-minute walk to Drake Park
  • Laundry Room

About This Home

As of September 2021

An exceptional opportunity to acquire an investment, this building features a total of 8 units on a Corner Lot. Well maintained property with upgraded features such as dual pane windows, electrical panels, copper plumbing, and sewer lines. This is a High Demand area and a Prime Rental Location within close proximity Shoreline Drive, Queen Mary, Downtown Long Beach, the Aquarium of the Pacific, Convention Center, fine eateries, and shopping. Direct access to the 710 FWY!

Last Agent to Sell the Property

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 09/30/2021

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 09/30/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 4,941 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 4,941 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 19 / G
  • Tax Tract Number 5758
  • Assessor Parcel Number 7271019038

Community Details

Overview

  • 8 Units
  • Downtown Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $695
  • Fuel Expense $3,897
  • Insurance Expense $2,000
  • Water Sewer Expense $4,320
  • Operating Expense $10,912
  • Gross Income $143,040
  • Net Operating Income $132,128

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 4320.00
  • Zoning: LBPD10
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7271019038
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 322.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Sq Ft: 4941.00
  • Lot Size Acres: 0.1134

Multi Family

  • Electric Expense: 695.00
  • Fuel Expense: 3897.00
  • Gross Income: 143040.00
  • Gross Scheduled Income: 143040.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 4941.0000 Square Feet
  • Net Operating Income: 132128.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 10912.00
  • Rent Control: No
  • Total Expenses: 10912.00

Tax Info

  • Tax Block: G
  • Tax Census Tract: 5758.01
  • Tax Lot: 19
  • Tax Tract Number: 5758
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
09/30/2021 09/30/21 Sold $1,592,000 0.0% $322 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $1,592,000 +87.3% $322 / Sq Ft
04/30/2015 04/30/15 Sold $850,000 -2.9% $197 / Sq Ft View Prior Sale
03/12/2015 03/12/15 Pending -- -- --
12/09/2014 12/09/14 For Sale $875,000 -- $202 / 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 $22,975 $1,689,442 $1,098,350 $591,092
2024 $21,989 $1,656,316 $1,076,814 $579,502
2023 $21,609 $1,623,840 $1,055,700 $568,140
2022 $20,286 $1,592,000 $1,035,000 $557,000
2021 $12,520 $943,769 $660,640 $283,129
2019 $12,341 $916,898 $641,046 $275,852
2018 $12,000 $898,943 $628,477 $270,466
2016 $11,045 $862,961 $604,073 $258,888
2015 $9,715 $770,000 $530,600 $239,400
2014 $8,829 $680,000 $468,600 $211,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21216979

California Regional Multiple Listing Service (CRMLS)