Seller's Agent in 2020
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
159 Total Sales
1106 Pacific Ave Long Beach, CA 90813
Saint Mary's Neighborhood
3
Beds
2
Baths
8,203
Sq Ft
7,405
Sq Ft
Highlights
- 0.17 Acre Lot
- No HOA
- Landscaped
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
As of May 20201106 Pacific Avenue is 12-unit turn-key multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. The 8,203 gross square foot property consists of one- and two-bedroom units and offers amenities including gated entry, security doors, garage parking, and on-site laundry. In 2019, 1106 Pacific Avenue was fully renovated with improvements including electrical, flooring, and remodeled kitchens and bathrooms (shaker-style cabinets, new appliances, fixtures, and countertops). Exterior renovations include new paint, professional drought resistant landscaping, and tile facade. In addition, the property’s strategic location in close proximity to Pacific Coast Highway, Interstate 710, and Downtown Long Beach provides residents with convenient access to local and regional employment centers.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 01/22/2020
Property Details
Home Type
- Apartment
Year Built
- Built in 1963
Lot Details
- 7,405 Sq Ft Lot
- No Common Walls
- Landscaped
- Land Lease
Parking
- 6 Car Garage
Home Design
- 8,203 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 575803
- Assessor Parcel Number 7273005013
Community Details
Overview
- No Home Owners Association
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Leased Units
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,833
- Fuel Expense $1,833
- Insurance Expense $3,288
- Maintenance Expense $6,600
- Other Expense $5,640
- Professional Management Expense $10,999
- Trash Expense $1,833
- Water Sewer Expense $1,833
- New Taxes Expense $42,497
- Operating Expense $76,358
- Gross Income $244,421
- Net Operating Income $168,063
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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 |
|---|---|---|---|---|---|
| 05/28/2020 05/28/20 | Sold | $3,300,000 | -1.9% | $402 / Sq Ft | |
| 03/23/2020 03/23/20 | Pending | -- | -- | -- | |
| 01/22/2020 01/22/20 | For Sale | $3,362,500 | +42.2% | $410 / Sq Ft | |
| 01/07/2019 01/07/19 | Sold | $2,365,000 | -1.5% | $288 / Sq Ft | View Prior Sale |
| 11/08/2018 11/08/18 | Pending | -- | -- | -- | |
| 09/25/2018 09/25/18 | For Sale | $2,400,000 | -- | $293 / 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 | $46,164 | $3,609,028 | $2,345,869 | $1,263,159 |
| 2024 | $46,164 | $3,538,264 | $2,299,872 | $1,238,392 |
| 2023 | $45,380 | $3,468,887 | $2,254,777 | $1,214,110 |
| 2022 | $42,583 | $3,400,870 | $2,210,566 | $1,190,304 |
| 2021 | $41,729 | $3,334,187 | $2,167,222 | $1,166,965 |
| 2020 | $30,965 | $2,413,140 | $1,688,100 | $725,040 |
| 2019 | $30,601 | $2,365,840 | $1,655,000 | $710,840 |
| 2018 | $4,319 | $207,495 | $40,987 | $166,508 |
| 2016 | $3,954 | $198,633 | $39,397 | $159,236 |
| 2015 | $3,837 | $195,651 | $38,806 | $156,845 |
| 2014 | $3,884 | $191,819 | $38,046 | $153,773 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
Andrew McAllister
A
Buyer's Agent in 2020
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
17 Total Sales
-
Drew McAllister
Buyer's Agent in 2020
Drew McAllister
Nationwide Real Estate Execs
(562) 528-8105
14 Total Sales
-
Cameron Samimi
Seller's Agent in 2019
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
211 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20009668
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.
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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